Madison Wealth Partners Inc Takes $300,000 Position in Citigroup Inc. (NYSE:C)

Madison Wealth Partners Inc purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,834 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors have also recently made changes to their positions in C. Navellier & Associates Inc. increased its stake in shares of Citigroup by 47.8% during the third quarter. Navellier & Associates Inc. now owns 6,798 shares of the company’s stock valued at $280,000 after buying an additional 2,198 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Citigroup by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,816,399 shares of the company’s stock valued at $74,844,000 after buying an additional 12,263 shares during the period. Aviva PLC increased its stake in shares of Citigroup by 26.1% during the third quarter. Aviva PLC now owns 837,612 shares of the company’s stock valued at $34,451,000 after buying an additional 173,343 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in Citigroup by 6.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 581,524 shares of the company’s stock valued at $23,918,000 after purchasing an additional 35,633 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Citigroup by 16.1% in the third quarter. Kestra Advisory Services LLC now owns 157,386 shares of the company’s stock valued at $6,473,000 after purchasing an additional 21,827 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.5 %

NYSE C traded down $0.89 during trading on Friday, hitting $59.34. The company’s stock had a trading volume of 10,509,757 shares, compared to its average volume of 15,151,548. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. The company has a market cap of $113.19 billion, a PE ratio of 17.65, a P/E/G ratio of 0.90 and a beta of 1.48. The business’s 50 day simple moving average is $61.78 and its 200-day simple moving average is $56.79.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping 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 firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Analyst Ratings Changes

Several research firms have issued reports on C. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI lifted their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Finally, Oppenheimer cut their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.66.

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.