Exchange Traded Concepts LLC Has $152,000 Stake in Citigroup Inc. (NYSE:C)

Exchange Traded Concepts LLC reduced its holdings in shares of Citigroup Inc. (NYSE:CFree Report) by 99.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the company’s stock after selling 301,146 shares during the period. Exchange Traded Concepts LLC’s holdings in Citigroup were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup during the third quarter valued at about $31,000. GHP Investment Advisors Inc. boosted its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Citigroup by 69.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares during the period. Finally, Berbice Capital Management LLC bought a new stake in Citigroup in the 4th quarter valued at about $42,000. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Down 0.5 %

NYSE:C opened at $81.43 on Friday. Citigroup Inc. has a 52 week low of $52.24 and a 52 week high of $82.77. The firm has a 50-day moving average price of $73.67 and a two-hundred day moving average price of $66.64. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $154.01 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:CGet Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the business posted $0.84 earnings per share. Citigroup’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts expect that Citigroup Inc. will post 7.51 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

Citigroup announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on C shares. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Evercore ISI lifted their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Bank of America upped their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Truist Financial assumed coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.93.

View Our Latest Report on Citigroup

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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