Keystone Financial Group Makes New $237,000 Investment in Citigroup Inc. (NYSE:C)

Keystone Financial Group bought a new position in Citigroup Inc. (NYSE:CFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,612 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also bought and sold shares of the company. Brandes Investment Partners LP grew its position in shares of Citigroup by 10.3% in the fourth quarter. Brandes Investment Partners LP now owns 2,571,838 shares of the company’s stock valued at $132,295,000 after purchasing an additional 240,964 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $264,000. Quest Partners LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $1,379,000. Corient Private Wealth LLC grew its position in shares of Citigroup by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 398,801 shares of the company’s stock valued at $20,514,000 after purchasing an additional 7,139 shares in the last quarter. Finally, Sachetta LLC purchased a new position in shares of Citigroup in the fourth quarter valued at $42,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.7 %

Shares of NYSE C traded down $0.46 during midday trading on Wednesday, reaching $64.28. The company had a trading volume of 2,806,312 shares, compared to its average volume of 15,789,553. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s fifty day moving average price is $61.40 and its 200-day moving average price is $54.80. The stock has a market cap of $122.61 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49.

Citigroup (NYSE:CGet Free Report) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the company posted $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Announces Dividend

The firm 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Oppenheimer reduced their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Piper Sandler boosted their target price on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

View Our Latest Research Report on C

Citigroup Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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