3,212 Shares in Citigroup Inc. (NYSE:C) Acquired by Evoke Wealth LLC

Evoke Wealth LLC acquired a new position in Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,212 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors also recently modified their holdings of the stock. Horizon Investments LLC grew its position in Citigroup by 1.9% during the fourth quarter. Horizon Investments LLC now owns 34,932 shares of the company’s stock valued at $2,442,000 after acquiring an additional 652 shares during the last quarter. Advisors Asset Management Inc. grew its position in Citigroup by 0.5% during the fourth quarter. Advisors Asset Management Inc. now owns 62,159 shares of the company’s stock valued at $4,375,000 after acquiring an additional 287 shares during the last quarter. Kennondale Capital Management LLC bought a new position in Citigroup during the fourth quarter valued at approximately $2,016,000. Mystic Asset Management Inc. boosted its stake in shares of Citigroup by 26.3% during the fourth quarter. Mystic Asset Management Inc. now owns 28,950 shares of the company’s stock valued at $2,038,000 after purchasing an additional 6,037 shares during the period. Finally, Aspen Wealth Strategies LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $208,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of a number of analyst reports. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Evercore ISI raised their price target on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.53.

Citigroup Price Performance

Shares of NYSE:C opened at $71.43 on Thursday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day moving average price of $77.47 and a 200-day moving average price of $70.12. The company has a market capitalization of $134.61 billion, a PE ratio of 12.01, a PEG ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the company earned $0.84 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 3.14%. Citigroup’s payout ratio is 37.65%.

Citigroup declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by corporate insiders.

About Citigroup

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.