TRU Independence Asset Management 2 LLC Purchases New Stake in Citigroup Inc. (NYSE:C)


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TRU Independence Asset Management 2 LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 627 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. Mcmillion Capital Management Inc. purchased a new stake in shares of Citigroup in the fourth quarter worth about $27,000. Advisory Alpha LLC purchased a new stake in shares of Citigroup in the third quarter worth about $28,000. Charter Oak Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter worth about $28,000. Johnson Midwest Financial LLC purchased a new stake in shares of Citigroup in the fourth quarter worth about $29,000. Finally, Capstone Triton Financial Group LLC purchased a new stake in shares of Citigroup in the fourth quarter worth about $29,000. Institutional investors own 72.99% of the company’s stock.

NYSE:C opened at $72.69 on Thursday. The stock has a market cap of $151.68 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The firm’s fifty day simple moving average is $70.67 and its 200 day simple moving average is $58.18. Citigroup Inc. has a twelve month low of $38.76 and a twelve month high of $76.13. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its earnings results on Thursday, January 14th. The company reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.74. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The firm had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.71 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 6.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Monday, May 3rd will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, April 30th. Citigroup’s dividend payout ratio (DPR) is 41.80%.

A number of equities research analysts have recently issued reports on C shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Citigroup from $58.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, March 24th. Morgan Stanley raised their target price on shares of Citigroup from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday, March 8th. Piper Sandler raised their target price on shares of Citigroup from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Edward Jones downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Monday, March 29th. Finally, Berenberg Bank downgraded shares of Citigroup from a “buy” rating to a “hold” rating and raised their target price for the company from $55.00 to $70.00 in a research note on Thursday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $72.66.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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