Opinicus Capital Inc. Purchases New Shares in Citigroup Inc. (NYSE:C)

Opinicus Capital Inc. purchased a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,371 shares of the company’s stock, valued at approximately $379,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Citigroup during the 3rd quarter worth $209,000. Simplicity Solutions LLC raised its position in Citigroup by 17.6% during the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after buying an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Citigroup by 56.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after buying an additional 449,310 shares during the last quarter. GFS Advisors LLC purchased a new position in Citigroup during the 4th quarter worth $2,003,000. Finally, Sound Income Strategies LLC raised its position in Citigroup by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after buying an additional 21,440 shares during 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 equities analysts have commented on the stock. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research report on Wednesday, January 10th. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Wednesday, January 3rd. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Price Performance

NYSE C traded up $0.87 during trading hours on Friday, reaching $62.66. The company’s stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The stock has a market cap of $120.01 billion, a PE ratio of 18.54, a PEG ratio of 0.93 and a beta of 1.52. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The company’s 50-day moving average is $59.09 and its two-hundred day moving average is $51.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the prior year, the company earned $1.86 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio is currently 62.72%.

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.