Lindbrook Capital LLC Raises Stake in Citigroup Inc. (NYSE:C)

Lindbrook Capital LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 109.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,088 shares of the company’s stock after acquiring an additional 4,226 shares during the period. Lindbrook Capital LLC’s holdings in Citigroup were worth $416,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of C. Carmel Capital Partners LLC purchased a new position in Citigroup during the 3rd quarter valued at about $25,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in Citigroup during the 1st quarter valued at about $28,000. AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in Citigroup by 115.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after purchasing an additional 429 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

C opened at $59.14 on Monday. The firm has a market cap of $113.27 billion, a P/E ratio of 17.50, a PEG ratio of 0.90 and a beta of 1.52. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average of $51.32. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Equities analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.58%. Citigroup’s payout ratio is currently 62.72%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on C shares. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Wednesday, January 3rd. Piper Sandler lifted their price target on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. Finally, Jefferies Financial Group lifted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.