Citigroup Inc. (NYSE:C) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,731 shares of the company's stock after acquiring an additional 5,802 shares during the quarter. HB Wealth Management LLC's holdings in Citigroup were worth $3,430,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Shelton Wealth Management LLC grew its holdings in Citigroup by 4.0% in the 4th quarter. Shelton Wealth Management LLC now owns 16,024 shares of the company's stock valued at $1,128,000 after buying an additional 609 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Citigroup by 1.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 14,242 shares of the company's stock valued at $1,003,000 after purchasing an additional 202 shares during the period. Sanibel Captiva Trust Company Inc. increased its position in Citigroup by 23.8% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 14,176 shares of the company's stock worth $998,000 after purchasing an additional 2,722 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Citigroup by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 29,023 shares of the company's stock valued at $2,043,000 after purchasing an additional 1,368 shares during the last quarter. Finally, InTrack Investment Management Inc lifted its holdings in Citigroup by 28.9% in the fourth quarter. InTrack Investment Management Inc now owns 19,412 shares of the company's stock valued at $1,427,000 after acquiring an additional 4,347 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Up 2.0 %

NYSE:C traded up $1.54 on Monday, reaching $80.05. The stock had a trading volume of 22,070,430 shares, compared to its average volume of 10,393,282. The firm's fifty day moving average is $71.22 and its two-hundred day moving average is $65.54. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $151.40 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $80.45.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter last year, the company earned $0.84 earnings per share. Citigroup's revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 5.88 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has authorized a stock 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 purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is 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 issued 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 2.80%. Citigroup's dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several analysts have recently issued reports on C shares. Morgan Stanley increased their price objective on Citigroup from $104.00 to $109.00 and gave the company an "overweight" rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial started coverage on Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price target for the company. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Piper Sandler reissued an "overweight" rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus target price 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.