Savant Capital LLC Buys 3,374 Shares of Citigroup Inc. (NYSE:C)

Savant Capital LLC lifted its stake in Citigroup Inc. (NYSE:C) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,297 shares of the company’s stock after purchasing an additional 3,374 shares during the quarter. Savant Capital LLC’s holdings in Citigroup were worth $1,301,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Citigroup in the third quarter valued at $209,000. Simplicity Solutions LLC raised its holdings in shares of Citigroup by 17.6% in the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after buying an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after acquiring an additional 449,310 shares during the last quarter. GFS Advisors LLC purchased a new position in Citigroup during the 4th quarter valued at $2,003,000. Finally, Sound Income Strategies LLC grew its position in Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after acquiring an additional 21,440 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock opened at $61.50 on Friday. The company has a 50 day moving average price of $59.59 and a 200 day moving average price of $52.48. The firm has a market capitalization of $117.79 billion, a P/E ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49. 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 Inc. has a 52 week low of $38.17 and a 52 week high of $63.90.

Citigroup (NYSE:C) last released 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. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 EPS. Sell-side analysts expect that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is currently 62.72%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on C. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. Oppenheimer lowered their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday. Evercore ISI lifted their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $62.85.

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.