Citigroup Inc. (NYSE:C) Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its position in Citigroup Inc. (NYSE:C) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,480 shares of the company’s stock after acquiring an additional 5,821 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Citigroup were worth $6,017,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of C. Wilmington Savings Fund Society FSB lifted its holdings in Citigroup by 14.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 43,870 shares of the company’s stock valued at $3,088,000 after purchasing an additional 5,679 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Citigroup by 8.1% during the fourth quarter. D Orazio & Associates Inc. now owns 5,501 shares of the company’s stock worth $387,000 after buying an additional 410 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Citigroup by 4.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 16,946 shares of the company’s stock valued at $1,193,000 after buying an additional 760 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Citigroup by 11.4% during the fourth quarter. Apollon Wealth Management LLC now owns 53,927 shares of the company’s stock worth $3,796,000 after acquiring an additional 5,534 shares during the last quarter. Finally, MWA Asset Management lifted its stake in Citigroup by 12.7% in the 4th quarter. MWA Asset Management now owns 14,183 shares of the company’s stock worth $998,000 after purchasing an additional 1,598 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Down 0.7 %

C stock opened at $81.73 on Friday. The firm has a market cap of $154.57 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.64 and a beta of 1.44. Citigroup Inc. has a 1-year low of $52.24 and a 1-year high of $82.91. The firm has a fifty day moving average price of $74.67 and a two-hundred day moving average price of $67.14. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Citigroup’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Research analysts predict that Citigroup Inc. will post 7.51 EPS for the current year.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is 37.65%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on C shares. Wells Fargo & Company upped their price objective on shares of 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 shares of Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target for the company. Bank of America increased their price objective on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.