Citigroup Inc. (NYSE:C) Shares Bought by Adirondack Trust Co.

Adirondack Trust Co. grew its position in Citigroup Inc. (NYSE:CFree Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,920 shares of the company’s stock after buying an additional 790 shares during the quarter. Adirondack Trust Co.’s holdings in Citigroup were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of C. Norges Bank purchased a new position in shares of Citigroup in the 4th quarter valued at about $867,599,000. International Assets Investment Management LLC acquired a new position in Citigroup during the 4th quarter worth approximately $2,109,120,000. Greenhaven Associates Inc. increased its position in shares of 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 purchasing an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC raised its holdings 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 valued at $266,709,000 after purchasing an additional 1,930,296 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Citigroup by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after purchasing an additional 1,836,283 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on C. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Evercore ISI boosted their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Piper Sandler increased their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Jefferies Financial Group boosted their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Oppenheimer dropped their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average price target of $64.84.

Get Our Latest Stock Report on C

Citigroup Stock Performance

Shares of NYSE:C traded up $0.93 during trading on Tuesday, reaching $60.99. The company had a trading volume of 4,304,097 shares, compared to its average volume of 15,059,946. 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 stock’s fifty day moving average price is $61.70 and its 200 day moving average price is $57.15. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. The firm has a market capitalization of $116.33 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48.

Citigroup (NYSE:CGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, equities research analysts predict that Citigroup Inc. will post 5.96 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.48%. The ex-dividend date was Friday, May 3rd. Citigroup’s payout ratio is 62.72%.

Citigroup Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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