Sheaff Brock Investment Advisors LLC Has $1.18 Million Holdings in Citigroup Inc. (NYSE:C)

Sheaff Brock Investment Advisors LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,686 shares of the company’s stock after acquiring an additional 300 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Citigroup were worth $1,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB bought a new stake in shares of Citigroup in the third quarter valued at approximately $4,607,000. Creative Planning raised its stake in Citigroup by 0.6% during the 3rd quarter. Creative Planning now owns 381,362 shares of the company’s stock valued at $23,873,000 after purchasing an additional 2,372 shares during the last quarter. Swedbank AB boosted its holdings in Citigroup by 1.3% in the 3rd quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock valued at $274,115,000 after purchasing an additional 54,782 shares during the period. Blue Trust Inc. grew its position in Citigroup by 86.9% in the 3rd quarter. Blue Trust Inc. now owns 13,600 shares of the company’s stock worth $863,000 after purchasing an additional 6,325 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Citigroup by 4.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,418 shares of the company’s stock worth $339,000 after purchasing an additional 246 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Citigroup stock opened at $84.62 on Monday. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.67. The stock has a 50-day simple moving average of $75.69 and a 200 day simple moving average of $67.78. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $160.04 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.65 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. Citigroup’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Citigroup Announces Dividend

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 paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their price target on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley boosted 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. Evercore ISI raised their target price on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.