Citigroup Inc. (NYSE:C) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 297,870 shares of the company’s stock after selling 8,919 shares during the quarter. Yousif Capital Management LLC’s holdings in Citigroup were worth $20,967,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sargent Investment Group LLC increased its stake in Citigroup by 5.2% in the fourth quarter. Sargent Investment Group LLC now owns 7,443 shares of the company’s stock valued at $542,000 after purchasing an additional 366 shares during the last quarter. Avitas Wealth Management LLC increased its stake in Citigroup by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 22,907 shares of the company’s stock worth $1,612,000 after acquiring an additional 143 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in Citigroup by 10.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 86,030 shares of the company’s stock worth $6,056,000 after acquiring an additional 8,230 shares during the last quarter. Mather Group LLC. increased its stake in Citigroup by 16.0% during the fourth quarter. Mather Group LLC. now owns 4,768 shares of the company’s stock worth $336,000 after acquiring an additional 658 shares during the last quarter. Finally, Brown Lisle Cummings Inc. increased its stake in Citigroup by 20.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 7,183 shares of the company’s stock worth $506,000 after acquiring an additional 1,213 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 1.4 %

NYSE:C opened at $78.52 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $74.02 and its two-hundred day moving average is $66.83. Citigroup Inc. has a 52 week low of $52.24 and a 52 week high of $82.77. The company has a market cap of $148.50 billion, a PE ratio of 13.20, a P/E/G ratio of 0.64 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter last year, the business posted $0.84 EPS. Citigroup’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post 7.51 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s payout ratio is 37.65%.

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer dropped their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley upped their price target on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI increased their target price on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their target price on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

Citigroup 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.