Citigroup Inc. (NYSE:C) Stock Holdings Increased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its holdings in Citigroup Inc. (NYSE:C) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,030 shares of the company’s stock after purchasing an additional 8,230 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Citigroup were worth $6,056,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of C. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 3rd quarter worth about $31,000. Webster Bank N. A. raised its holdings in Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock worth $35,000 after buying an additional 300 shares during the period. GHP Investment Advisors Inc. lifted its stake in Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after buying an additional 260 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 2.3 %

Citigroup stock opened at $79.59 on Tuesday. The business has a 50 day moving average price of $73.85 and a two-hundred day moving average price of $66.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $52.24 and a 12 month high of $82.77. The stock has a market cap of $150.52 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44.

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. 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 analyst estimates of $19.51 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Citigroup’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc. will post 7.51 EPS for the current year.

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 $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.81%. Citigroup’s payout ratio is currently 37.65%.

Citigroup declared that its board has approved a stock buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

C has been the topic of a number of research analyst reports. Evercore ISI upped their price target on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $95.00 in a report on Monday, January 6th. Morgan Stanley lifted their price objective on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Truist Financial assumed coverage on shares of Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Company Profile

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.