Crossmark Global Holdings Inc. Has $24.74 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Crossmark Global Holdings Inc. reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 351,492 shares of the company's stock after selling 43,246 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Citigroup were worth $24,742,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Franklin Resources Inc. grew its holdings 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 valued at $1,998,976,000 after acquiring 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 during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Citigroup by 70.0% in 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 increased its position in Citigroup by 32.2% in the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company's stock worth $501,994,000 after purchasing an additional 1,731,527 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Citigroup by 9.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company's stock worth $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.

Citigroup Price Performance

Shares of C traded up $1.75 during mid-day trading on Tuesday, hitting $81.74. 21,143,504 shares of the company traded hands, compared to its average volume of 19,294,318. The stock has a market capitalization of $154.59 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of $71.43 and a 200 day moving average of $65.65. Citigroup Inc. has a one year low of $51.95 and a one year high of $81.85.

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

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

Citigroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler restated an "overweight" rating and set a $83.00 target price (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Evercore ISI boosted their target price on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday, January 16th. The Goldman Sachs Group increased their price target on Citigroup from $77.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of Citigroup from $104.00 to $109.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.