Allen Capital Group LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Allen Capital Group LLC bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,462 shares of the company's stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Legacy Investment Solutions LLC purchased a new stake in Citigroup in the third quarter worth about $31,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup in the second quarter worth about $31,000. Webster Bank N. A. increased its stake in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company's stock worth $36,000 after purchasing an additional 368 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 several recent research reports. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Piper Sandler reissued an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Oppenheimer lowered their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Bank of America increased their target price on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.93.

Citigroup Trading Up 1.5 %

Shares of NYSE C traded up $1.21 on Thursday, reaching $81.84. 3,611,205 shares of the company traded hands, compared to its average volume of 16,850,088. The company has a 50 day moving average of $73.18 and a 200 day moving average of $66.42. 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 fifty-two week low of $52.24 and a fifty-two week high of $82.77. The stock has a market capitalization of $154.79 billion, a PE ratio of 13.75, a P/E/G ratio of 0.65 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup declared that its board has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Citigroup Dividend Announcement

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 given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

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.