Citigroup Inc. (NYSE:C) Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Citigroup Inc. (NYSE:C) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,656 shares of the company’s stock after acquiring an additional 1,611 shares during the quarter. Pacer Advisors Inc.’s holdings in Citigroup were worth $6,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in C. Carmel Capital Partners LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $25,000. GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in shares of Citigroup during the 1st quarter valued at $28,000. AlphaMark Advisors LLC raised its holdings in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of Citigroup during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $62.75 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $120.18 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.69 and a beta of 1.50. The company’s fifty day moving average is $56.06 and its two-hundred day moving average is $48.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $62.76.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were given a dividend of $0.53 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is currently 53.13%.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and raised their target price for the company from $42.00 to $61.00 in a research note on Tuesday, January 9th. Daiwa Capital Markets upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, December 18th. Finally, Piper Sandler upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $56.00 to $63.00 in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.03.

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.