Leavell Investment Management Inc. Makes New Investment in Citigroup Inc. (NYSE:C)

Leavell Investment Management Inc. bought a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,633 shares of the company's stock, valued at approximately $256,000.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position 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 worth $1,998,976,000 after purchasing an additional 4,680,713 shares during the last quarter. Swedbank AB increased its position in shares of Citigroup by 90.2% during the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company's stock worth $586,120,000 after purchasing an additional 3,947,912 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased 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 worth $283,692,000 after acquiring an additional 1,865,628 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Citigroup by 32.2% during the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company's stock worth $501,994,000 after acquiring an additional 1,731,527 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Citigroup by 103.6% during the 4th quarter. SG Americas Securities LLC now owns 48,500 shares of the company's stock worth $3,414,000 after acquiring an additional 1,410,950 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer decreased 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. Piper Sandler reissued 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. Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company boosted their price target on Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Four research 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, the company has an average rating of "Moderate Buy" and an average price target of $83.93.

Citigroup Trading Down 0.3 %

Shares of C stock traded down $0.26 on Tuesday, hitting $84.35. The company had a trading volume of 5,241,228 shares, compared to its average volume of 15,425,374. The firm has a market cap of $159.53 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.65 and a beta of 1.44. The stock's 50-day moving average is $75.95 and its two-hundred day moving average is $67.93. 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 Inc. has a twelve month low of $53.51 and a twelve month high of $84.67.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $19.51 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

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

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.66%. Citigroup's dividend payout ratio is currently 37.65%.

Citigroup 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.