Citigroup Inc. (NYSE:C) Shares Acquired by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC grew its position in Citigroup Inc. (NYSE:C) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,659 shares of the company’s stock after acquiring an additional 3,106 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Citigroup were worth $2,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its stake in Citigroup by 1.2% during the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after acquiring an additional 232,652 shares in the last quarter. Pzena Investment Management LLC raised its stake in Citigroup by 3.0% during the 3rd quarter. Pzena Investment Management LLC now owns 16,627,430 shares of the company’s stock worth $683,886,000 after acquiring an additional 486,952 shares in the last quarter. Greenhaven Associates Inc. raised its stake in Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after acquiring an additional 2,948,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Citigroup by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,751,201 shares of the company’s stock worth $565,587,000 after acquiring an additional 192,631 shares in the last quarter. Finally, Sanders Capital LLC raised its stake in Citigroup by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 11,496,482 shares of the company’s stock worth $472,850,000 after acquiring an additional 30,501 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research report on Wednesday, January 3rd. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Sandler raised their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $46.00 to $65.00 in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Stock Performance

Shares of NYSE:C traded down $0.69 during midday trading on Thursday, hitting $61.78. The stock had a trading volume of 13,330,685 shares, compared to its average volume of 17,043,361. The company has a market capitalization of $118.33 billion, a PE ratio of 18.28, a P/E/G ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The stock has a 50 day moving average price of $58.94 and a two-hundred day moving average price of $51.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

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. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, equities analysts predict that Citigroup Inc. will post 5.97 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business 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. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 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.