Clear Harbor Asset Management LLC Acquires 1,095 Shares of Citigroup Inc. (NYSE:C)

Clear Harbor Asset Management LLC raised its position in Citigroup Inc. (NYSE:C) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,948 shares of the company’s stock after purchasing an additional 1,095 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Citigroup were worth $4,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Snider Financial Group lifted its holdings in shares of Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after acquiring an additional 84,407,589 shares during the last quarter. Norges Bank acquired a new position in shares of Citigroup during the fourth quarter worth approximately $631,922,000. Moneta Group Investment Advisors LLC lifted its position in Citigroup by 87,332.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after acquiring an additional 7,502,751 shares in the last quarter. Greenhaven Associates Inc. grew its position in Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Citigroup by 42.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after acquiring an additional 1,930,296 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of several research analyst reports. Daiwa Capital Markets raised shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, December 18th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research note on Wednesday, January 10th. TheStreet raised shares of Citigroup from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Piper Sandler upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $56.00 to $63.00 in a research report on Wednesday, February 14th. Finally, HSBC upped their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $59.56.

Citigroup Trading Up 0.8 %

C stock traded up $0.49 on Thursday, reaching $63.24. The company’s stock had a trading volume of 19,000,791 shares, compared to its average volume of 17,437,029. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.37. The firm has a market cap of $121.12 billion, a PE ratio of 15.85, a PEG ratio of 1.72 and a beta of 1.50. The business has a fifty day simple moving average of $56.30 and a two-hundred day simple moving average of $49.05.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. Citigroup’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, research analysts forecast that Citigroup Inc. will post 5.83 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 53.13%.

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.