Citigroup Inc. (NYSE:C) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,395 shares of the company’s stock after purchasing an additional 1,093 shares during the quarter. Accurate Wealth Management LLC’s holdings in Citigroup were worth $1,242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. boosted its stake in Citigroup by 2.3% during the 2nd quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock valued at $21,538,000 after purchasing an additional 7,778 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Citigroup by 13.0% in the second quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after buying an additional 457 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Citigroup by 116.9% during the second quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock valued at $674,000 after buying an additional 5,724 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in Citigroup by 36.3% during the second quarter. Citizens Financial Group Inc. RI now owns 11,759 shares of the company’s stock worth $746,000 after acquiring an additional 3,131 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Citigroup by 10.3% during the second quarter. Renaissance Technologies LLC now owns 1,278,643 shares of the company’s stock worth $81,143,000 after acquiring an additional 119,123 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $73.59 on Wednesday. The stock’s fifty day simple moving average is $70.60 and its 200-day simple moving average is $65.22. The company has a market capitalization of $139.18 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. On average, sell-side analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.04%. Citigroup’s payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on C. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Piper Sandler raised their target price on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Evercore ISI increased their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer decreased their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

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.