VeraBank N.A. Takes $230,000 Position in Citigroup Inc. (NYSE:C)

VeraBank N.A. purchased a new position in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,474 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors also recently added to or reduced their stakes in C. International Assets Investment Management LLC purchased a new position in Citigroup in the 4th quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. grew its holdings in Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Citigroup by 42.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after acquiring an additional 1,930,296 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after acquiring an additional 1,832,819 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Citigroup by 251.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,356,177 shares of the company’s stock valued at $96,910,000 after acquiring an additional 1,685,100 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on C shares. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. BMO Capital Markets cut shares of 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. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. HSBC upped their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Evercore ISI boosted their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Stock Up 0.8 %

C traded up $0.51 on Friday, reaching $61.52. The company’s stock had a trading volume of 11,048,877 shares, compared to its average volume of 15,112,875. The company has a market capitalization of $117.83 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.92 and a beta of 1.49. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average of $59.70 and a two-hundred day moving average of $52.62.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.86 EPS. As a group, analysts forecast that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

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.