Duality Advisers LP Makes New $4.22 Million Investment in Citigroup Inc. (NYSE:C)

Duality Advisers LP acquired a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 82,067 shares of the company’s stock, valued at approximately $4,222,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in Citigroup in the third quarter valued at $25,000. GHP Investment Advisors Inc. boosted its position in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the period. SkyView Investment Advisors LLC purchased a new position in Citigroup during the 1st quarter worth approximately $28,000. AlphaMark Advisors LLC increased its position in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. Finally, Janiczek Wealth Management LLC increased its position in Citigroup by 115.0% during the third quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock worth $33,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on C shares. Jefferies Financial Group raised their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Piper Sandler upped their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Price Performance

Shares of NYSE:C traded up $0.82 on Friday, reaching $59.14. 13,410,056 shares of the company were exchanged, compared to its average volume of 15,644,248. The company has a 50-day moving average of $58.30 and a 200-day moving average of $51.32. 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 firm has a market cap of $113.27 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.58%. Citigroup’s dividend payout ratio is presently 62.72%.

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.