Cwm LLC Purchases 13,955 Shares of Citigroup Inc. (NYSE:C)

Cwm LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 56.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,849 shares of the company’s stock after buying an additional 13,955 shares during the period. Cwm LLC’s holdings in Citigroup were worth $1,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Massachusetts Wealth Management grew its position in Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after acquiring an additional 192 shares during the period. Founders Capital Management grew its position in Citigroup by 12.5% in the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after acquiring an additional 200 shares during the period. Cowa LLC grew its position in Citigroup by 3.1% in the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after acquiring an additional 200 shares during the period. Kornitzer Capital Management Inc. KS grew its position in Citigroup by 0.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after acquiring an additional 200 shares during the period. Finally, CENTRAL TRUST Co grew its position in Citigroup by 5.6% in the fourth quarter. CENTRAL TRUST Co now owns 3,841 shares of the company’s stock worth $198,000 after acquiring an additional 205 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on C shares. Evercore ISI increased their price objective on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Morgan Stanley upgraded Citigroup from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $65.00 in a research note on Tuesday, January 30th. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Barclays upped their price target on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Down 1.1 %

Shares of NYSE C opened at $61.78 on Friday. The stock has a market cap of $118.33 billion, a P/E ratio of 18.28, a PEG ratio of 0.94 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The business’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $51.77.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the firm earned $1.86 earnings per share. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

About Citigroup

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.