Coldstream Capital Management Inc. Increases Holdings in Citigroup Inc. (NYSE:C)

Coldstream Capital Management Inc. increased its stake in Citigroup Inc. (NYSE:C) by 73.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,750 shares of the company’s stock after purchasing an additional 7,968 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Citigroup were worth $964,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Citigroup during the fourth quarter worth about $867,599,000. International Assets Investment Management LLC bought a new stake in Citigroup during the fourth quarter worth about $2,109,120,000. Greenhaven Associates Inc. lifted its stake in Citigroup by 22.4% during the fourth 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 during the last quarter. AQR Capital Management LLC lifted its stake in Citigroup by 42.4% during the third 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 during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after purchasing an additional 1,832,819 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE C opened at $64.76 on Wednesday. The stock has a market capitalization of $123.53 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.95 and a beta of 1.49. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $64.88. 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 business’s fifty day moving average price is $61.40 and its 200-day moving average price is $54.80.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business 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 firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 earnings per share. On average, equities analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The company 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. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is 62.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on C shares. HSBC boosted 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. Keefe, Bruyette & Woods boosted their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Oppenheimer lowered their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Piper Sandler boosted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup 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.