Capital Investment Advisors LLC Has $15.01 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Capital Investment Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,302 shares of the company’s stock after selling 2,149 shares during the quarter. Capital Investment Advisors LLC’s holdings in Citigroup were worth $15,014,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of C. Legacy Investment Solutions LLC acquired a new position in Citigroup in the 3rd quarter worth about $31,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the 2nd quarter valued at approximately $31,000. GHP Investment Advisors Inc. lifted its holdings in shares of Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 0.5 %

Shares of C traded up $0.33 on Monday, reaching $71.73. The company’s stock had a trading volume of 4,188,438 shares, compared to its average volume of 12,765,978. The stock has a market capitalization of $135.66 billion, a PE ratio of 20.79, a PEG ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $74.29. The firm has a fifty day moving average of $70.19 and a 200-day moving average of $65.07.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period last year, the business earned $1.52 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.12%. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Piper Sandler increased their price objective on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Evercore ISI boosted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup 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.