West Family Investments Inc. Purchases Shares of 6,394 Citigroup Inc. (NYSE:C)

West Family Investments Inc. acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,394 shares of the company’s stock, valued at approximately $329,000.

A number of other large investors have also made changes to their positions in the stock. Carmel Capital Partners LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $25,000. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter worth about $26,000. AlphaMark Advisors LLC boosted its holdings in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Citigroup in the 3rd quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Citigroup in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. Piper Sandler boosted their target price on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Jefferies Financial Group raised their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Trading Down 0.1 %

Shares of Citigroup stock traded down $0.04 during trading on Thursday, reaching $61.31. 4,180,473 shares of the company were exchanged, compared to its average volume of 16,709,648. The business has a 50-day moving average price of $59.48 and a 200-day moving average price of $52.41. The firm has a market capitalization of $117.43 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.92 and a beta of 1.49. 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 twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. Sell-side analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.46%. Citigroup’s dividend payout ratio (DPR) is presently 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.