Czech National Bank Purchases 21,426 Shares of Citigroup Inc. (NYSE:C)

Czech National Bank increased its position in shares of Citigroup Inc. (NYSE:C) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 410,064 shares of the company’s stock after buying an additional 21,426 shares during the quarter. Czech National Bank’s holdings in Citigroup were worth $28,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup in the 2nd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup in the third quarter valued at about $31,000. GHP Investment Advisors Inc. raised its holdings in Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 368 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on C. Piper Sandler increased their price objective on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Bank of America lifted their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group lifted their price target on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Evercore ISI increased their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Stock Performance

NYSE:C opened at $71.43 on Monday. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $74.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock’s 50-day simple moving average is $70.19 and its 200 day simple moving average is $65.07. The firm has a market capitalization of $135.09 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

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

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.14%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.