Citigroup Inc. (NYSE:C) Shares Acquired by Skylands Capital LLC

Skylands Capital LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,150 shares of the company’s stock after acquiring an additional 11,775 shares during the period. Skylands Capital LLC’s holdings in Citigroup were worth $6,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of C. Carmel Capital Partners LLC acquired a new position in shares of Citigroup in the third quarter worth about $25,000. Rakuten Securities Inc. purchased a new position in Citigroup during the fourth quarter worth approximately $35,000. AlphaMark Advisors LLC boosted its position 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 purchasing an additional 300 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the fourth quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC increased its position in shares of Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after buying an additional 274 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on C. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Wednesday, January 3rd. Piper Sandler increased their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Barclays lifted their price target on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Down 0.5 %

Shares of C stock traded down $0.29 on Monday, hitting $62.37. The stock had a trading volume of 5,381,960 shares, compared to its average volume of 16,889,762. The company’s 50 day moving average price is $59.09 and its 200-day moving average price is $52.07. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. 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 firm has a market capitalization of $119.46 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. Analysts anticipate that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is presently 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.