Citigroup Inc. (NYSE:C) Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its stake in Citigroup Inc. (NYSE:C) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,892 shares of the company’s stock after acquiring an additional 2,103 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Citigroup were worth $406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of C. Carmel Capital Partners LLC bought a new position in Citigroup in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in shares of Citigroup during the fourth quarter valued at $35,000. AlphaMark Advisors LLC lifted its holdings in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Citigroup in the 4th quarter valued at about $39,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Citigroup by 52.5% during the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock worth $41,000 after acquiring an additional 274 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of recent analyst reports. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research note on Wednesday, January 10th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group lifted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Piper Sandler boosted their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Trading Down 0.4 %

Shares of NYSE C traded down $0.25 during midday trading on Tuesday, reaching $62.01. 1,325,922 shares of the stock were exchanged, compared to its average volume of 16,774,770. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company has a market capitalization of $118.77 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day simple moving average of $59.24 and a two-hundred day simple moving average of $52.21.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the firm earned $1.86 EPS. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

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.