Kathmere Capital Management LLC Has $761,000 Position in Citigroup Inc. (NYSE:C)

Kathmere Capital Management LLC increased its holdings in Citigroup Inc. (NYSE:C) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,809 shares of the company’s stock after buying an additional 987 shares during the quarter. Kathmere Capital Management LLC’s holdings in Citigroup were worth $761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Citigroup during the third quarter worth about $31,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the second quarter worth $31,000. GHP Investment Advisors Inc. grew its holdings in shares of Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 6.8 %

NYSE:C opened at $78.48 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day simple moving average is $70.60 and its 200-day simple moving average is $65.22. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $79.25. The stock has a market capitalization of $148.43 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Citigroup declared that its board has authorized a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley cut their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Truist Financial initiated coverage on Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price objective for the company. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Company 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.