377,347 Shares in Citigroup Inc. (NYSE:C) Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH bought a new stake in Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 377,347 shares of the company’s stock, valued at approximately $26,561,000.

Other hedge funds also recently added to or reduced their stakes in the company. JBGlobal.com LLC acquired a new stake in Citigroup in the 4th quarter valued at about $292,000. Atomi Financial Group Inc. raised its position in Citigroup by 12.8% during the fourth quarter. Atomi Financial Group Inc. now owns 29,305 shares of the company’s stock worth $2,063,000 after acquiring an additional 3,334 shares during the last quarter. Chesley Taft & Associates LLC lifted its holdings in shares of Citigroup by 40.5% in the fourth quarter. Chesley Taft & Associates LLC now owns 69,939 shares of the company’s stock valued at $4,923,000 after purchasing an additional 20,158 shares in the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $206,000. Finally, Royal Fund Management LLC purchased a new position in shares of Citigroup during the 4th quarter worth approximately $1,292,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on C. Wells Fargo & Company increased their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI increased their price objective on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Trading Up 0.0 %

Shares of C opened at $81.68 on Thursday. Citigroup Inc. has a twelve month low of $52.24 and a twelve month high of $82.28. The firm has a market capitalization of $154.49 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $71.94 and its 200 day simple moving average is $65.88.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, equities research analysts forecast that Citigroup Inc. will post 7.49 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s payout ratio is currently 37.65%.

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.