SageView Advisory Group LLC Acquires 4,807 Shares of Citigroup Inc. (NYSE:C)

SageView Advisory Group LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 50.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,361 shares of the company’s stock after acquiring an additional 4,807 shares during the quarter. SageView Advisory Group LLC’s holdings in Citigroup were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter valued at $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Citigroup in the 4th quarter valued at $29,000. Rakuten Securities Inc. bought a new stake in shares of Citigroup in the 4th quarter valued at $35,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup in the 4th quarter valued at $39,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Citigroup by 52.5% in the 4th quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after purchasing an additional 274 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

C traded up $0.56 during trading on Friday, hitting $63.58. 9,424,967 shares of the company traded hands, compared to its average volume of 10,878,002. The firm has a market cap of $121.28 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The stock’s fifty day moving average is $61.76 and its 200 day moving average is $55.16. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.33%. Citigroup’s dividend payout ratio is presently 62.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on C. HSBC boosted their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Piper Sandler boosted their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.66.

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.