Hantz Financial Services Inc. Sells 1,622 Shares of Citigroup Inc. (NYSE:C)

Hantz Financial Services Inc. lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,465 shares of the company’s stock after selling 1,622 shares during the period. Hantz Financial Services Inc.’s holdings in Citigroup were worth $3,060,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the second quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in Citigroup during the 3rd quarter valued at about $31,000. Webster Bank N. A. raised its stake in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on C. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. The Goldman Sachs Group upped their target price on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Oppenheimer lowered their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their price objective on shares of Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Performance

Shares of C stock opened at $81.88 on Friday. The company has a 50-day simple moving average of $73.44 and a 200 day simple moving average of $66.53. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $154.86 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.65 and a beta of 1.43. Citigroup Inc. has a 52 week low of $52.24 and a 52 week high of $82.77.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

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.