OneAscent Financial Services LLC Invests $238,000 in Citigroup Inc. (NYSE:C)

OneAscent Financial Services LLC bought a new position in shares of Citigroup Inc. (NYSE:CFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,629 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Meridian Wealth Management LLC raised its position in shares of Citigroup by 130.4% in the third quarter. Meridian Wealth Management LLC now owns 175,576 shares of the company’s stock valued at $7,221,000 after purchasing an additional 99,371 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Citigroup during the 3rd quarter worth approximately $209,000. Sound Income Strategies LLC boosted its stake in Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after purchasing an additional 21,440 shares during the period. Stifel Financial Corp increased its position in Citigroup by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 943,832 shares of the company’s stock worth $38,820,000 after buying an additional 40,630 shares during the period. Finally, Kahn Brothers Group Inc. increased its position in Citigroup by 0.7% during the 3rd quarter. Kahn Brothers Group Inc. now owns 1,215,684 shares of the company’s stock worth $50,001,000 after buying an additional 8,878 shares during the period. 69.26% of the stock is owned by institutional investors.

Citigroup Stock Down 0.8 %

Shares of NYSE:C opened at $60.81 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $61.67. The company has a market capitalization of $116.47 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.66 and a beta of 1.50. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $55.30 and a 200-day moving average of $48.33.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 annualized dividend and a yield of 3.49%. Citigroup’s dividend payout ratio is presently 53.13%.

Analyst Ratings Changes

Several equities analysts recently commented on C shares. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 3rd. Piper Sandler raised shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $56.00 to $63.00 in a report on Wednesday, February 14th. Oppenheimer cut their price target on Citigroup from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Tuesday. HSBC raised Citigroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $61.00 in a report on Tuesday, January 9th. Finally, Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.56.

Read Our Latest Research Report on C

Citigroup Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.