Next Level Private LLC Sells 265 Shares of Citigroup Inc. (NYSE:C)

Next Level Private LLC decreased its position in Citigroup Inc. (NYSE:C) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,427 shares of the company’s stock after selling 265 shares during the period. Next Level Private LLC’s holdings in Citigroup were worth $434,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Meridian Wealth Management LLC increased its position in shares of Citigroup by 130.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 175,576 shares of the company’s stock valued at $7,221,000 after purchasing an additional 99,371 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Citigroup in the 3rd quarter worth approximately $209,000. Sound Income Strategies LLC increased its holdings in Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after acquiring an additional 21,440 shares in the last quarter. Stifel Financial Corp increased its holdings in Citigroup by 4.5% in the 3rd quarter. Stifel Financial Corp now owns 943,832 shares of the company’s stock worth $38,820,000 after acquiring an additional 40,630 shares in the last quarter. Finally, Kahn Brothers Group Inc. increased its holdings in Citigroup by 0.7% in the 3rd quarter. Kahn Brothers Group Inc. now owns 1,215,684 shares of the company’s stock worth $50,001,000 after acquiring an additional 8,878 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on C. The Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and increased their price objective for the company from $55.00 to $68.00 in a report on Thursday, March 14th. Piper Sandler upgraded Citigroup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $56.00 to $63.00 in a research report on Wednesday, February 14th. HSBC increased their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Wednesday, January 3rd. Finally, TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.56.

Citigroup Price Performance

C stock opened at $62.95 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $120.57 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.72 and a beta of 1.50. The business’s 50-day moving average is $56.06 and its two-hundred day moving average is $48.95. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.29.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. During the same period in the prior year, the business earned $1.10 EPS. Citigroup’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 5.83 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 annualized dividend and a dividend yield of 3.37%. Citigroup’s dividend payout ratio (DPR) is currently 53.13%.

About Citigroup

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.