Fortitude Family Office LLC Boosts Holdings in Citigroup Inc. (NYSE:C)

Fortitude Family Office LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 19.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,519 shares of the company’s stock after purchasing an additional 249 shares during the quarter. Fortitude Family Office LLC’s holdings in Citigroup were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lifestyle Asset Management Inc. boosted its stake in Citigroup by 4.5% during the third quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after buying an additional 160 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Citigroup by 7.1% during the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after acquiring an additional 170 shares during the last quarter. MWA Asset Management boosted its position in shares of Citigroup by 1.4% during the 3rd quarter. MWA Asset Management now owns 12,585 shares of the company’s stock valued at $788,000 after acquiring an additional 173 shares during the last quarter. Bridge Creek Capital Management LLC grew its holdings in shares of Citigroup by 0.3% in the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock valued at $4,209,000 after purchasing an additional 175 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Citigroup by 9.3% during the third quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock valued at $128,000 after purchasing an additional 175 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock opened at $73.23 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock’s fifty day moving average price is $70.03 and its 200-day moving average price is $64.95. The firm has a market cap of $138.50 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.06%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer dropped their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Piper Sandler boosted their price objective on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a research report on Monday. Evercore ISI lifted their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Finally, Bank of America increased their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

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.