Orion Capital Management LLC Acquires New Holdings in Citigroup Inc. (NYSE:C)

Orion Capital Management LLC acquired a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 500 shares of the company’s stock, valued at approximately $26,000.

Several other large investors also recently modified their holdings of C. International Assets Investment Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $2,109,120,000. Greenhaven Associates Inc. grew its holdings in Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the period. AQR Capital Management LLC grew its holdings in Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after purchasing an additional 1,930,296 shares during the period. Canada Pension Plan Investment Board grew its holdings in Citigroup by 251.1% in the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock worth $96,910,000 after purchasing an additional 1,685,100 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Citigroup by 49.8% in the third quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock worth $118,683,000 after purchasing an additional 959,040 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on C. Piper Sandler raised their price target on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Jefferies Financial Group raised their price objective on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Price Performance

C opened at $61.35 on Thursday. The company has a market capitalization of $117.50 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.92 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $59.48 and a 200-day moving average price of $52.41. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. Equities analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.46%. 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.