Citigroup Inc. (NYSE:C) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its holdings in Citigroup Inc. (NYSE:C) by 77.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,681 shares of the company’s stock after purchasing an additional 12,520 shares during the period. Great Valley Advisor Group Inc.’s holdings in Citigroup were worth $1,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Citigroup in the third quarter valued at about $209,000. Simplicity Solutions LLC increased its holdings in shares of Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after acquiring an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after acquiring an additional 449,310 shares in the last quarter. GFS Advisors LLC bought a new position in Citigroup during the fourth quarter worth $2,003,000. Finally, Sound Income Strategies LLC increased its stake in Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after purchasing an additional 21,440 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on C shares. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. Piper Sandler upped their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Price Performance

Shares of NYSE:C opened at $61.50 on Friday. The stock has a market cap of $117.79 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The stock’s 50 day moving average price is $59.59 and its 200 day moving average price is $52.48.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 EPS. Equities research analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. Citigroup’s dividend payout ratio is currently 62.72%.

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.