Jamison Private Wealth Management Inc. Purchases 1,002 Shares of Citigroup Inc. (NYSE:C)

Jamison Private Wealth Management Inc. grew its position in Citigroup Inc. (NYSE:C) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,584 shares of the company’s stock after purchasing an additional 1,002 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Citigroup were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in Citigroup by 3.8% during the 2nd quarter. Mackenzie Financial Corp now owns 1,519,721 shares of the company’s stock valued at $96,441,000 after buying an additional 55,889 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Citigroup by 7.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 552,341 shares of the company’s stock valued at $35,052,000 after acquiring an additional 37,000 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Citigroup by 3.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 9,352 shares of the company’s stock worth $593,000 after purchasing an additional 347 shares in the last quarter. Ascent Group LLC grew its position in shares of Citigroup by 5.5% during the second quarter. Ascent Group LLC now owns 35,559 shares of the company’s stock valued at $2,257,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Citigroup by 2.9% in the second quarter. Creative Planning now owns 378,990 shares of the company’s stock worth $24,051,000 after purchasing an additional 10,518 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. Bank of America increased their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley upped their price target on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their target price on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Price Performance

Shares of C stock opened at $81.41 on Friday. The stock has a market capitalization of $153.96 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.65 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 1.50. Citigroup Inc. has a twelve month low of $52.24 and a twelve month high of $82.77. The stock has a fifty day simple moving average of $72.47 and a two-hundred day simple moving average of $66.11.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping 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 company 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 business earned $0.84 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed 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. This represents a $2.24 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.