Hunter Associates Investment Management LLC Has $620,000 Stake in Citigroup Inc. (NYSE:C)

Hunter Associates Investment Management LLC decreased its stake in Citigroup Inc. (NYSE:C) by 21.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,040 shares of the company’s stock after selling 3,330 shares during the period. Hunter Associates Investment Management LLC’s holdings in Citigroup were worth $620,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Snider Financial Group raised its position in shares of Citigroup by 96,645.9% during the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares during the period. Norges Bank acquired a new stake in shares of Citigroup during the fourth quarter worth about $631,922,000. Moneta Group Investment Advisors LLC raised its position in shares of Citigroup by 87,332.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after purchasing an additional 7,502,751 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth about $2,109,120,000. Finally, Greenhaven Associates Inc. raised its position in shares of 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 period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on C shares. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. BMO Capital Markets lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Oppenheimer dropped their target price on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Performance

Shares of NYSE C traded up $0.82 during midday trading on Friday, hitting $59.14. 13,410,056 shares of the company’s stock were exchanged, compared to its average volume of 15,644,248. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company’s 50 day moving average price is $58.30 and its 200 day moving average price is $51.16. The firm has a market capitalization of $113.27 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52.

Citigroup (NYSE:C) last issued its earnings results 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 return on equity of 6.17% and a net margin of 4.90%. The company 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 company posted $1.86 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that Citigroup Inc. will post 5.91 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.58%. 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.