Citigroup Inc. (NYSE:C) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Citigroup Inc. (NYSE:C) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,487 shares of the company’s stock after buying an additional 2,730 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Citigroup were worth $6,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in Citigroup during the 3rd quarter valued at $311,000. Victory Capital Management Inc. increased its holdings in shares of Citigroup by 2.1% during the third quarter. Victory Capital Management Inc. now owns 1,019,413 shares of the company’s stock valued at $41,928,000 after purchasing an additional 21,411 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Citigroup by 7.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,802,581 shares of the company’s stock valued at $74,140,000 after purchasing an additional 125,605 shares in the last quarter. Clarity Wealth Advisors LLC lifted its holdings in Citigroup by 10.4% in the third quarter. Clarity Wealth Advisors LLC now owns 66,171 shares of the company’s stock worth $2,722,000 after purchasing an additional 6,259 shares during the period. Finally, abrdn plc increased its stake in Citigroup by 4.2% during the 3rd quarter. abrdn plc now owns 1,856,173 shares of the company’s stock valued at $76,344,000 after buying an additional 74,767 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $63.58 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock’s 50-day moving average price is $61.76 and its two-hundred day moving average price is $55.26. The company has a market cap of $121.28 billion, a PE ratio of 18.81, a PEG ratio of 0.95 and a beta of 1.49. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. On average, analysts predict that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were given a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.33%. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on C shares. Morgan Stanley raised shares of 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. Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Piper Sandler increased their price target on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $63.66.

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.