Waycross Partners LLC Purchases 74,245 Shares of Citigroup Inc. (NYSE:C)

Waycross Partners LLC boosted its position in Citigroup Inc. (NYSE:C) by 70.6% during the 4th quarter, Holdings Channel reports. The fund owned 179,392 shares of the company’s stock after buying an additional 74,245 shares during the period. Citigroup makes up 1.7% of Waycross Partners LLC’s portfolio, making the stock its 28th largest holding. Waycross Partners LLC’s holdings in Citigroup were worth $9,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new position in shares of Citigroup in the third quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. AlphaMark Advisors LLC lifted its holdings in shares of Citigroup by 75.0% in 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. Tennessee Valley Asset Management Partners bought a new position in shares of Citigroup in the fourth quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C traded down $0.93 during mid-day trading on Tuesday, hitting $61.33. The company had a trading volume of 11,151,229 shares, compared to its average volume of 16,895,066. The company has a market capitalization of $117.46 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock’s 50-day moving average price is $59.36 and its 200-day moving average price is $52.35.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 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 firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. On average, sell-side analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is 62.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler raised their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. HSBC lifted their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Oppenheimer dropped their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday. Evercore ISI lifted their price target on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.85.

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.