3,300 Shares in Citigroup Inc. (NYSE:C) Acquired by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC acquired a new position in Citigroup Inc. (NYSE:C) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,300 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in C. Orion Capital Management LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC lifted its holdings in Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after purchasing an additional 569 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Citigroup during the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on C. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Piper Sandler lifted their price objective on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their price objective on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, Argus lifted their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Citigroup Trading Up 1.3 %

NYSE C traded up $0.81 on Friday, hitting $65.18. 9,661,252 shares of the stock were exchanged, compared to its average volume of 13,410,551. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.94. The stock has a fifty day moving average price of $63.06 and a two-hundred day moving average price of $59.82. The firm has a market capitalization of $124.33 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.70 and a beta of 1.46. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Research analysts forecast that Citigroup Inc. will post 5.84 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be paid a dividend of $0.56 per share. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, August 5th. Citigroup’s payout ratio is currently 59.38%.

Citigroup Company 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.