Kelleher Financial Advisors Boosts Holdings in Citigroup Inc. (NYSE:C)

Kelleher Financial Advisors grew its holdings in shares of Citigroup Inc. (NYSE:C) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,157 shares of the company’s stock after acquiring an additional 187 shares during the quarter. Kelleher Financial Advisors’ holdings in Citigroup were worth $504,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Janney Capital Management LLC increased its stake in shares of Citigroup by 134.0% in the fourth quarter. Janney Capital Management LLC now owns 290,219 shares of the company’s stock worth $20,429,000 after buying an additional 166,168 shares during the period. Magnus Financial Group LLC increased its stake in shares of Citigroup by 37.2% in the fourth quarter. Magnus Financial Group LLC now owns 6,443 shares of the company’s stock worth $454,000 after buying an additional 1,747 shares during the period. Daymark Wealth Partners LLC purchased a new position in shares of Citigroup in the fourth quarter worth $206,000. Viking Fund Management LLC purchased a new position in shares of Citigroup in the fourth quarter worth $9,151,000. Finally, Global Trust Asset Management LLC increased its stake in shares of Citigroup by 42.7% in the fourth quarter. Global Trust Asset Management LLC now owns 709 shares of the company’s stock worth $50,000 after buying an additional 212 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE C opened at $81.68 on Thursday. Citigroup Inc. has a 52 week low of $52.24 and a 52 week high of $82.28. The firm has a market capitalization of $154.49 billion, a P/E ratio of 13.73, a PEG ratio of 0.64 and a beta of 1.43. 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 company has a 50-day moving average price of $71.94 and a 200-day moving average price of $65.88.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating 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 firm had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 7.49 earnings per share for the current year.

Citigroup declared that its board has authorized a stock buyback program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.74%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is 37.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial assumed coverage on shares of Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price on the stock. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Evercore ISI boosted their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

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.