Citigroup Inc. (NYSE:C) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its holdings in Citigroup Inc. (NYSE:C) by 65.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,600 shares of the company’s stock after buying an additional 12,130 shares during the period. Waverly Advisors LLC’s holdings in Citigroup were worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of C. Core Alternative Capital raised its stake in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Creative Capital Management Investments LLC purchased a new position in shares of Citigroup during the fourth quarter worth about $35,000. Webster Bank N. A. grew its holdings in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Citigroup during the fourth quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at about $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of several research analyst reports. Cowen initiated coverage on Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating on the stock. JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Bank of America cut their price target on Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Truist Financial lowered their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Piper Sandler restated an “overweight” rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.97.

Citigroup Stock Performance

NYSE:C opened at $73.33 on Friday. The firm’s fifty day simple moving average is $68.62 and its 200-day simple moving average is $72.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock has a market cap of $136.96 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is 35.39%.

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.