7,371 Shares in Citigroup Inc. (NYSE:C) Acquired by Opinicus Capital Inc.

Opinicus Capital Inc. acquired a new position in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,371 shares of the company’s stock, valued at approximately $379,000.

Several other large investors have also recently modified their holdings of C. Carmel Capital Partners LLC acquired a new position in Citigroup during the 3rd quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new position in Citigroup during the 4th quarter valued at approximately $35,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 73.8% during 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 in the last quarter. AlphaMark Advisors LLC increased its stake in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in Citigroup during the 4th quarter valued at approximately $39,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on C. HSBC upped their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Evercore ISI increased their price objective on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler increased their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Wolfe Research upgraded 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 note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Price Performance

Shares of NYSE C traded up $0.87 during trading on Friday, hitting $62.66. The company had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The stock has a fifty day simple moving average of $59.09 and a two-hundred day simple moving average of $51.92. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The firm has a market capitalization of $120.01 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

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.