Jupiter Wealth Management LLC Purchases 3,250 Shares of Citigroup Inc. (NYSE:C)

Jupiter Wealth Management LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,088 shares of the company’s stock after purchasing an additional 3,250 shares during the period. Citigroup makes up 1.5% of Jupiter Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Jupiter Wealth Management LLC’s holdings in Citigroup were worth $3,033,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after purchasing an additional 11,674 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after acquiring an additional 1,970,300 shares during the last quarter. Candriam S.C.A. grew its position in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock worth $14,139,000 after acquiring an additional 22,657 shares in the last quarter. Brighton Jones LLC increased its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Citigroup by 22.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 319,669 shares of the company’s stock valued at $22,502,000 after acquiring an additional 58,204 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C opened at $73.09 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $136.52 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The stock’s 50 day moving average price is $68.68 and its 200-day moving average price is $72.24. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup’s dividend payout ratio is currently 35.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen assumed coverage on Citigroup in a report on Thursday, May 15th. They issued a “hold” rating and a $83.00 price objective for the company. Evercore ISI cut their target price on Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Bank of America reduced their price target on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler restated an “overweight” rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.97.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.