Citigroup Inc. (NYSE:C) Holdings Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its stake in shares of Citigroup Inc. (NYSE:C) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,023 shares of the company’s stock after purchasing an additional 1,368 shares during the quarter. Arkadios Wealth Advisors’ holdings in Citigroup were worth $2,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of C. Blair William & Co. IL raised its position in Citigroup by 3.8% in the second quarter. Blair William & Co. IL now owns 151,630 shares of the company’s stock worth $9,622,000 after acquiring an additional 5,481 shares in the last quarter. Intech Investment Management LLC increased its stake in Citigroup by 2.9% in the 2nd quarter. Intech Investment Management LLC now owns 104,407 shares of the company’s stock worth $6,626,000 after purchasing an additional 2,896 shares in the last quarter. Ieq Capital LLC increased its stake in Citigroup by 20.9% in the 2nd quarter. Ieq Capital LLC now owns 59,332 shares of the company’s stock worth $3,765,000 after purchasing an additional 10,239 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Citigroup by 15.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,738,454 shares of the company’s stock worth $173,782,000 after purchasing an additional 365,140 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Citigroup by 46.0% in the 2nd quarter. King Luther Capital Management Corp now owns 110,442 shares of the company’s stock worth $7,009,000 after purchasing an additional 34,809 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 2.0 %

Shares of NYSE C opened at $80.05 on Friday. The stock has a market cap of $151.40 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. The business has a 50 day simple moving average of $71.22 and a 200 day simple moving average of $65.52. Citigroup Inc. has a 52 week low of $50.51 and a 52 week high of $80.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. On average, research analysts predict that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.80%. Citigroup’s payout ratio is 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on C shares. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America lifted their price target on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted 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. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $83.93.

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.