ORG Partners LLC Buys 220 Shares of Citigroup Inc. (NYSE:C)

ORG Partners LLC lifted its stake in Citigroup Inc. (NYSE:C) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,111 shares of the company’s stock after purchasing an additional 220 shares during the period. ORG Partners LLC’s holdings in Citigroup were worth $57,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new position in shares of Citigroup in the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. boosted its stake in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after buying an additional 290 shares during the period. SkyView Investment Advisors LLC bought a new stake in Citigroup during the first quarter worth $28,000. AlphaMark Advisors LLC lifted its stake in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its stake in Citigroup by 115.0% during the third quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock worth $33,000 after purchasing an additional 429 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 1.9 %

Citigroup stock opened at $58.56 on Tuesday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90. The firm has a 50 day moving average price of $57.99 and a 200-day moving average price of $50.81. The company has a market capitalization of $112.15 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.93 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the prior year, the company posted $1.86 EPS. Citigroup’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Citigroup Inc. will post 5.73 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research report on Wednesday, January 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.91.

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.