Private Advisor Group LLC Has $7.88 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Private Advisor Group LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,085 shares of the company’s stock after purchasing an additional 13,069 shares during the period. Private Advisor Group LLC’s holdings in Citigroup were worth $7,875,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of C. Brown Advisory Inc. increased its position in Citigroup by 4.8% in the 3rd quarter. Brown Advisory Inc. now owns 181,637 shares of the company’s stock valued at $7,471,000 after acquiring an additional 8,244 shares during the period. Calamos Wealth Management LLC acquired a new stake in Citigroup during the 3rd quarter worth about $205,000. AustralianSuper Pty Ltd increased its holdings in Citigroup by 5.2% in the third quarter. AustralianSuper Pty Ltd now owns 18,993 shares of the company’s stock worth $781,000 after purchasing an additional 937 shares in the last quarter. TD Asset Management Inc lifted its stake in Citigroup by 19.8% in the third quarter. TD Asset Management Inc now owns 794,518 shares of the company’s stock valued at $32,679,000 after buying an additional 131,338 shares during the period. Finally, Grandview Asset Management LLC bought a new stake in shares of Citigroup in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. HSBC increased their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Evercore ISI upped their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Stock Down 0.2 %

Shares of NYSE C traded down $0.15 during trading on Wednesday, reaching $61.85. The company had a trading volume of 510,523 shares, compared to its average volume of 16,434,994. The business’s 50-day moving average is $59.85 and its 200 day moving average is $52.95. 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 stock has a market cap of $118.46 billion, a PE ratio of 18.34, a P/E/G ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Citigroup’s dividend payout ratio (DPR) is presently 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.