Cooper Financial Group Purchases 1,754 Shares of Citigroup Inc. (NYSE:C)

Cooper Financial Group raised its position in Citigroup Inc. (NYSE:C) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,414 shares of the company’s stock after buying an additional 1,754 shares during the period. Cooper Financial Group’s holdings in Citigroup were worth $2,422,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Inspire Trust Co. N.A. increased its stake in shares of Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock valued at $4,852,000 after buying an additional 20,000 shares during the period. HighTower Advisors LLC grew its stake in Citigroup by 2.4% in the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after acquiring an additional 8,301 shares during the period. KBC Group NV grew its stake in Citigroup by 1.8% in the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the period. Crossmark Global Holdings Inc. grew its stake in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after acquiring an additional 18,278 shares during the period. Finally, TCW Group Inc. grew its stake in Citigroup by 8.6% in the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after acquiring an additional 26,882 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on C shares. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Truist Financial assumed coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer reduced their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group lifted their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Up 0.8 %

Shares of Citigroup stock traded up $0.60 during midday trading on Monday, hitting $72.00. The company had a trading volume of 7,807,085 shares, compared to its average volume of 13,330,678. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $136.17 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a 50 day moving average of $70.19 and a 200 day moving average of $65.07. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $74.29.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.11%. Citigroup’s dividend payout ratio is 64.93%.

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.