Kera Capital Partners Inc. Acquires New Shares in Citigroup Inc. (NYSE:C)

Kera Capital Partners Inc. purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,352 shares of the company's stock, valued at approximately $236,000.

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

Citigroup Trading Up 2.0 %

NYSE:C traded up $1.54 during mid-day trading on Friday, reaching $80.05. 22,070,430 shares of the company's stock traded hands, compared to its average volume of 10,393,282. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $80.45. The firm has a market capitalization of $151.40 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. 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 50 day moving average price of $71.22 and a 200-day moving average price of $65.53.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm 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. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Citigroup Inc. will post 5.88 earnings per share for the current year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company 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 dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.80%. Citigroup's dividend payout ratio (DPR) is 64.93%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on C. Truist Financial began coverage on Citigroup in a research note on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target for the company. Wells Fargo & Company boosted their target price on Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Evercore ISI boosted their target price on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday. Bank of America boosted their target price on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Oppenheimer lowered their target price on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. 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 presently 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.