Citigroup Inc. (NYSE:C) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,305 shares of the company's stock after purchasing an additional 3,334 shares during the period. Atomi Financial Group Inc.'s holdings in Citigroup were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of 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 buying an additional 4,680,713 shares in the last quarter. Caxton Associates LP boosted its position in Citigroup by 96.1% during the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company's stock valued at $250,821,000 after purchasing an additional 1,937,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Citigroup by 70.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company's stock valued at $283,692,000 after purchasing an additional 1,865,628 shares in the last quarter. Nordea Investment Management AB boosted its position in Citigroup by 32.2% during the fourth quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company's stock valued at $501,994,000 after purchasing an additional 1,731,527 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted 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 purchasing an additional 1,404,120 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on C. Piper Sandler reissued an "overweight" rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Evercore ISI raised their price target on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. Morgan Stanley raised their price objective on Citigroup from $104.00 to $109.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Truist Financial assumed coverage on Citigroup in a research note on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $83.93.

Citigroup Stock Up 2.2 %

NYSE C traded up $1.75 during trading hours on Tuesday, hitting $81.74. 21,031,892 shares of the company were exchanged, compared to its average volume of 19,284,873. The company has a 50 day moving average of $71.43 and a two-hundred day moving average of $65.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 52-week low of $51.95 and a 52-week high of $81.85. The firm has a market cap of $154.59 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter in the prior year, the business earned $0.84 EPS. Citigroup's revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.49 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.56 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. Citigroup's dividend payout ratio is currently 37.65%.

Citigroup announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.