Citigroup Inc. (NYSE:C) Shares Sold by Tsfg LLC

Tsfg LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 825 shares of the company’s stock after selling 222 shares during the quarter. Tsfg LLC’s holdings in Citigroup were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its holdings in shares of Citigroup by 4.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 19,111 shares of the company’s stock valued at $1,345,000 after purchasing an additional 820 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Citigroup by 95.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 65,639 shares of the company’s stock valued at $4,620,000 after acquiring an additional 32,109 shares during the last quarter. Davis Investment Partners LLC purchased a new stake in Citigroup during the fourth quarter valued at about $202,000. Cooper Financial Group increased its stake in Citigroup by 5.4% during the fourth quarter. Cooper Financial Group now owns 34,414 shares of the company’s stock worth $2,422,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Citigroup by 13.7% in the 4th quarter. Wedmont Private Capital now owns 17,389 shares of the company’s stock worth $1,242,000 after purchasing an additional 2,096 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on C shares. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group raised their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Piper Sandler upped their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Up 2.2 %

Shares of NYSE:C opened at $72.94 on Tuesday. The firm has a market cap of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a fifty day simple moving average of $70.40 and a 200 day simple moving average of $65.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

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.