Realta Investment Advisors Purchases 1,378 Shares of Citigroup Inc. (NYSE:C)

Realta Investment Advisors grew its holdings in Citigroup Inc. (NYSE:C) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,428 shares of the company’s stock after purchasing an additional 1,378 shares during the quarter. Realta Investment Advisors’ holdings in Citigroup were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Citigroup in the third quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at about $31,000. Webster Bank N. A. grew its stake in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the period. GHP Investment Advisors Inc. increased its position in Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after buying an additional 260 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C stock opened at $82.45 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $155.94 billion, a PE ratio of 13.86, a P/E/G ratio of 0.64 and a beta of 1.44. The business has a 50 day moving average of $74.45 and a 200-day moving average of $67.02. Citigroup Inc. has a 12-month low of $52.24 and a 12-month high of $82.77.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. As a group, sell-side analysts expect that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits 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 management believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio is 37.65%.

Analyst Ratings Changes

Several research firms have recently commented on C. Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Oppenheimer decreased their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley raised their price objective 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. Bank of America lifted their price objective on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

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.