4,115 Shares in Citigroup Inc. (NYSE:C) Bought by Blue Barn Wealth LLC

Blue Barn Wealth LLC bought a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,115 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Citigroup by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,146,772 shares of the company’s stock valued at $727,710,000 after purchasing an additional 395,571 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Citigroup by 26.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,396 shares of the company’s stock worth $329,000 after buying an additional 1,319 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Citigroup by 13.7% during the fourth quarter. Apollon Wealth Management LLC now owns 47,485 shares of the company’s stock worth $2,443,000 after purchasing an additional 5,723 shares in the last quarter. Lincoln National Corp raised its position in Citigroup by 8.0% in the 4th quarter. Lincoln National Corp now owns 14,313 shares of the company’s stock worth $736,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Citigroup by 9.3% in the 4th quarter. Private Advisor Group LLC now owns 153,085 shares of the company’s stock valued at $7,875,000 after buying an additional 13,069 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the topic of several recent research reports. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Sandler upped their price target on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI boosted their price objective on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Stock Down 1.3 %

C stock traded down $0.81 during trading on Tuesday, hitting $62.00. 10,038,142 shares of the stock traded hands, compared to its average volume of 16,616,920. The stock has a market cap of $118.75 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average is $59.85 and its two-hundred day moving average is $52.95. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.42%. Citigroup’s payout ratio is 62.72%.

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.