Great Valley Advisor Group Inc. Has $1.48 Million Stock Position in Citigroup Inc. (NYSE:C)

Great Valley Advisor Group Inc. raised its stake in Citigroup Inc. (NYSE:C) by 77.5% in the 4th quarter, HoldingsChannel reports. The fund owned 28,681 shares of the company’s stock after buying an additional 12,520 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Citigroup were worth $1,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Citigroup in the third quarter valued at approximately $209,000. Simplicity Solutions LLC lifted its holdings in Citigroup by 17.6% during the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after buying an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after buying an additional 449,310 shares during the last quarter. GFS Advisors LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at $2,003,000. Finally, Sound Income Strategies LLC raised its position in shares of Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after acquiring an additional 21,440 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on C. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Evercore ISI increased their price target on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. HSBC upped their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Piper Sandler boosted their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Stock Down 0.1 %

NYSE:C opened at $61.50 on Friday. The company has a market cap of $117.79 billion, a PE ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49. The stock has a 50-day simple moving average of $59.59 and a 200 day simple moving average of $52.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90.

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given 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 3.45%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.