McAdam LLC Increases Stock Position in Citigroup Inc. (NYSE:C)

McAdam LLC grew its stake in Citigroup Inc. (NYSE:C) by 12.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,708 shares of the company’s stock after acquiring an additional 399 shares during the period. McAdam LLC’s holdings in Citigroup were worth $261,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. WFA Asset Management Corp lifted its position in shares of Citigroup by 14.6% during the fourth quarter. WFA Asset Management Corp now owns 36,169 shares of the company’s stock worth $2,546,000 after purchasing an additional 4,607 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Citigroup by 3.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 17,087 shares of the company’s stock worth $1,203,000 after buying an additional 649 shares in the last quarter. Greenleaf Trust boosted its position in Citigroup by 10.2% in the 4th quarter. Greenleaf Trust now owns 24,148 shares of the company’s stock valued at $1,700,000 after buying an additional 2,227 shares during the period. Golden State Equity Partners grew its stake in shares of Citigroup by 386.3% in the fourth quarter. Golden State Equity Partners now owns 21,013 shares of the company’s stock worth $1,479,000 after acquiring an additional 16,692 shares in the last quarter. Finally, Avantra Family Wealth Inc. purchased a new stake in shares of Citigroup during the fourth quarter worth $1,428,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on C. The Goldman Sachs Group upped their price target on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Oppenheimer reduced their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI boosted their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Trading Down 2.3 %

NYSE C opened at $79.59 on Tuesday. The firm’s fifty day moving average is $73.85 and its two-hundred day moving average is $66.73. Citigroup Inc. has a one year low of $52.24 and a one year high of $82.77. 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 $150.52 billion, a PE ratio of 13.38, a P/E/G ratio of 0.64 and a beta of 1.44.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.81%. Citigroup’s dividend payout ratio is currently 37.65%.

Citigroup announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.