Mirador Capital Partners LP Has $2.02 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Mirador Capital Partners LP raised its stake in shares of Citigroup Inc. (NYSE:C) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,679 shares of the company’s stock after purchasing an additional 2,880 shares during the period. Mirador Capital Partners LP’s holdings in Citigroup were worth $2,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. American Century Companies Inc. grew its stake in shares of Citigroup by 2.3% in the second quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock worth $21,538,000 after acquiring an additional 7,778 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of Citigroup by 13.0% in the second quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock worth $252,000 after acquiring an additional 457 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Citigroup by 116.9% in the second quarter. Brown Brothers Harriman & Co. now owns 10,622 shares of the company’s stock worth $674,000 after acquiring an additional 5,724 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Citigroup by 36.3% in the second quarter. Citizens Financial Group Inc. RI now owns 11,759 shares of the company’s stock worth $746,000 after acquiring an additional 3,131 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Citigroup by 17.1% in the second quarter. Moors & Cabot Inc. now owns 17,347 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,539 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $78.32 on Thursday. The stock has a 50-day simple moving average of $70.60 and a 200 day simple moving average of $65.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $79.25. The stock has a market capitalization of $148.12 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 0.59 and a beta of 1.43.

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

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be given a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. Citigroup’s payout ratio is 64.93%.

Citigroup announced that its Board of Directors has approved a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price 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.