Citigroup Inc. (NYSE:C) Stock Position Raised by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,014 shares of the company's stock after purchasing an additional 5,065 shares during the period. Culbertson A N & Co. Inc.'s holdings in Citigroup were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in shares of Citigroup by 340.6% during the fourth quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock worth $2,536,000 after buying an additional 27,856 shares during the period. Inspire Trust Co. N.A. increased its holdings in shares of Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock valued at $4,852,000 after purchasing an additional 20,000 shares during the period. HighTower Advisors LLC raised its stake in shares of Citigroup by 2.4% during the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock valued at $22,236,000 after purchasing an additional 8,301 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Citigroup by 168.7% in the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock worth $1,376,000 after purchasing an additional 12,280 shares during the period. Finally, KBC Group NV grew its position in Citigroup by 1.8% in the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company's stock valued at $71,270,000 after buying an additional 20,291 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Up 2.2 %

NYSE C traded up $1.75 on Tuesday, hitting $81.74. 21,143,504 shares of the stock were exchanged, compared to its average volume of 19,294,318. The company's 50-day moving average price is $71.43 and its two-hundred day moving average price is $65.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 52-week low of $51.95 and a 52-week high of $81.85. The company has a market capitalization of $154.59 billion, a price-to-earnings ratio of 13.74, a P/E/G 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, beating analysts' consensus estimates of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Citigroup's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Research analysts predict that Citigroup Inc. will post 7.49 EPS for the current year.

Citigroup declared that its board has approved a stock repurchase plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America boosted their target price on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Piper Sandler reaffirmed 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. Evercore ISI boosted their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $104.00 to $109.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.