Hyman Charles D Buys Shares of 4,274 Citigroup Inc. (NYSE:C)

Hyman Charles D bought a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,274 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors also recently made changes to their positions in C. Orion Capital Management LLC acquired a new position in Citigroup during the fourth quarter worth about $26,000. Carmel Capital Partners LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the fourth quarter worth $35,000. AlphaMark Advisors LLC boosted its stake in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Citigroup during the fourth quarter worth $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 1.3 %

C stock traded down $0.81 during trading on Tuesday, hitting $62.00. 10,038,142 shares of the company’s stock traded hands, compared to its average volume of 16,616,920. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $118.75 billion, a P/E ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49. The business has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $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 quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on C. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a report on Wednesday, January 10th. Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

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.