Goldstone Financial Group LLC Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Goldstone Financial Group LLC grew its holdings in Citigroup Inc. (NYSE:C) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,161 shares of the company’s stock after purchasing an additional 1,798 shares during the quarter. Goldstone Financial Group LLC’s holdings in Citigroup were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in Citigroup during the fourth quarter valued at approximately $44,000. Congress Park Capital LLC bought a new stake in Citigroup during the 4th quarter valued at $442,000. Ritholtz Wealth Management increased its holdings in shares of Citigroup by 13.0% in the 4th quarter. Ritholtz Wealth Management now owns 70,067 shares of the company’s stock valued at $4,932,000 after acquiring an additional 8,083 shares during the period. Mirador Capital Partners LP raised its position in shares of Citigroup by 11.2% in the 4th quarter. Mirador Capital Partners LP now owns 28,679 shares of the company’s stock worth $2,019,000 after acquiring an additional 2,880 shares in the last quarter. Finally, Smith Thornton Advisors LLC lifted its stake in shares of Citigroup by 5.1% during the 4th quarter. Smith Thornton Advisors LLC now owns 4,928 shares of the company’s stock worth $347,000 after purchasing an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.3 %

NYSE C opened at $78.51 on Friday. The firm’s 50-day moving average is $70.99 and its two-hundred day moving average is $65.41. The stock has a market capitalization of $148.47 billion, a P/E ratio of 22.76, a PEG ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $79.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) 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. The business had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.88 earnings per share for the current year.

Citigroup declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

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 2.85%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s payout ratio is currently 64.93%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial assumed coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target for the company. Bank of America increased their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI upped their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.