Trueblood Wealth Management LLC Makes New $229,000 Investment in Citigroup Inc. (NYSE:C)

Trueblood Wealth Management LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,458 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new stake in shares of Citigroup in the 3rd quarter valued at $25,000. GHP Investment Advisors Inc. increased its stake in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 290 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Citigroup in the 1st quarter valued at $28,000. AlphaMark Advisors LLC increased its stake in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Finally, Union Savings Bank bought a new stake in Citigroup during the 2nd quarter valued at $30,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on C shares. Daiwa Capital Markets upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Monday, December 18th. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock 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. Oppenheimer cut their price objective on shares of Citigroup from $95.00 to $88.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, Barclays boosted their price target on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $59.56.

Citigroup Stock Up 0.8 %

Shares of C opened at $63.24 on Friday. The firm has a market cap of $121.12 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.72 and a beta of 1.50. The stock has a 50 day simple moving average of $56.30 and a two-hundred day simple moving average of $49.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.37.

Citigroup (NYSE:C) last released 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 company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $18.71 billion. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. On average, analysts forecast that Citigroup Inc. will post 5.83 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 53.13%.

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.