Fifth Third Bancorp lessened its stake in Citigroup Inc. (NYSE:C - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,030 shares of the company's stock after selling 11,004 shares during the quarter. Fifth Third Bancorp's holdings in Citigroup were worth $9,153,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. apricus wealth LLC lifted its position in shares of Citigroup by 2.0% in the fourth quarter. apricus wealth LLC now owns 44,380 shares of the company's stock valued at $3,124,000 after acquiring an additional 885 shares in the last quarter. AM Investment Strategies LLC lifted its holdings in Citigroup by 0.9% in the 4th quarter. AM Investment Strategies LLC now owns 39,998 shares of the company's stock valued at $2,815,000 after purchasing an additional 363 shares in the last quarter. CX Institutional boosted its stake in Citigroup by 6.2% during the 4th quarter. CX Institutional now owns 13,860 shares of the company's stock worth $976,000 after purchasing an additional 807 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter worth $42,000. Finally, Sound Income Strategies LLC raised its position in shares of Citigroup by 8.7% in the fourth quarter. Sound Income Strategies LLC now owns 351,406 shares of the company's stock valued at $24,735,000 after buying an additional 28,053 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.
NYSE:C opened at $81.41 on Monday. Citigroup Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $82.77. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average price of $72.47 and a 200 day moving average price of $66.10. The stock has a market capitalization of $153.96 billion, a P/E ratio of 13.68, a PEG ratio of 0.65 and a beta of 1.43.
Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company's revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 7.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup's payout ratio is currently 37.65%.
Citigroup announced that its Board of Directors has approved a share buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.
A number of equities analysts recently weighed in on C shares. Barclays upgraded shares of Citigroup from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. The Goldman Sachs Group upped their price target on Citigroup from $77.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They set a "buy" rating and a $85.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.
Check Out Our Latest Stock Analysis on C
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.
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