Chesley Taft & Associates LLC Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Chesley Taft & Associates LLC boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,939 shares of the company's stock after buying an additional 20,158 shares during the quarter. Chesley Taft & Associates LLC's holdings in Citigroup were worth $4,923,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake 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 buying an additional 4,680,713 shares during the period. Caxton Associates LP increased its holdings in shares of Citigroup by 96.1% in the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company's stock worth $250,821,000 after acquiring an additional 1,937,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Citigroup by 70.0% during the 3rd 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 grew its position in shares of Citigroup by 32.2% in the 4th 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 during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Citigroup by 9.8% in the 3rd 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 during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.9 %

Shares of NYSE:C traded up $1.52 during mid-day trading on Tuesday, reaching $81.51. 13,334,873 shares of the company's stock were exchanged, compared to its average volume of 18,625,736. The firm has a market capitalization of $154.16 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $51.95 and a twelve month high of $81.84. The business's fifty day moving average price is $71.43 and its 200-day moving average price is $65.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced its 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 return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion for the quarter, compared to analysts' expectations of $19.51 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 7.49 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has approved a share buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced 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. This represents a $2.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup's payout ratio is presently 37.65%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on C. Evercore ISI raised their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Truist Financial initiated coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Morgan Stanley raised their price objective on Citigroup from $104.00 to $109.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Oppenheimer dropped their target price on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, Piper Sandler restated an "overweight" rating and issued a $83.00 price target (up from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $83.93.

Citigroup Company 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.