Mayflower Financial Advisors LLC Buys 206 Shares of Citigroup Inc. (NYSE:C)

Mayflower Financial Advisors LLC raised its position in Citigroup Inc. (NYSE:C) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,224 shares of the company’s stock after purchasing an additional 206 shares during the period. Mayflower Financial Advisors LLC’s holdings in Citigroup were worth $720,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in Citigroup by 18.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock worth $1,998,976,000 after acquiring an additional 4,680,713 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Citigroup by 70.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after purchasing an additional 1,865,628 shares in the last quarter. Nordea Investment Management AB raised its stake in Citigroup by 32.2% in the fourth quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock worth $501,994,000 after buying an additional 1,731,527 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Citigroup by 103.6% in the 4th quarter. SG Americas Securities LLC now owns 48,500 shares of the company’s stock valued at $3,414,000 after purchasing an additional 1,410,950 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Citigroup by 9.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock valued at $981,347,000 after buying an additional 1,404,120 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on C. Keefe, Bruyette & Woods boosted their target price on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Truist Financial initiated coverage on shares of Citigroup in a report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price on the stock. Morgan Stanley boosted their price target on Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI upped their price objective on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group increased their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $83.93.

Citigroup Stock Performance

Shares of NYSE C opened at $80.66 on Thursday. The company has a market capitalization of $152.54 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company’s fifty day moving average price is $73.18 and its 200 day moving average price is $66.42. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. Citigroup’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup declared that its board has initiated a stock buyback plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.78%. Citigroup’s dividend payout ratio is currently 37.65%.

About Citigroup

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.