Citigroup Inc. (NYSE:C) Shares Bought by Altrius Capital Management Inc

Altrius Capital Management Inc raised its position in Citigroup Inc. (NYSE:C) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,908 shares of the company’s stock after purchasing an additional 808 shares during the period. Altrius Capital Management Inc’s holdings in Citigroup were worth $4,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Citigroup during the 4th quarter worth about $2,109,120,000. Greenhaven Associates Inc. lifted its holdings in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after acquiring an additional 2,948,512 shares during the period. AQR Capital Management LLC increased its position in Citigroup by 42.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after purchasing an additional 1,930,296 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Citigroup by 251.1% during the third quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after buying an additional 1,685,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Citigroup by 49.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock worth $118,683,000 after buying an additional 959,040 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of several recent research reports. Wells Fargo & Company restated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Piper Sandler lifted their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, HSBC raised their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. 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 company. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.91.

Citigroup Price Performance

NYSE:C traded down $0.40 during midday trading on Monday, hitting $62.26. 10,857,088 shares of the stock were exchanged, compared to its average volume of 16,959,826. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90. The company has a market capitalization of $119.25 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.94 and a beta of 1.52. The business has a 50-day moving average price of $59.09 and a two-hundred day moving average price of $52.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly 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 analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. Sell-side analysts predict that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.41%. Citigroup’s dividend payout ratio is currently 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.