3,188 Shares in Citigroup Inc. (NYSE:C) Acquired by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,188 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC boosted its stake in Citigroup by 294.8% during the 4th quarter. Merit Financial Group LLC now owns 27,469 shares of the company’s stock valued at $1,934,000 after purchasing an additional 20,512 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Citigroup by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 29,023 shares of the company’s stock valued at $2,043,000 after purchasing an additional 1,368 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its stake in Citigroup by 23.8% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 14,176 shares of the company’s stock valued at $998,000 after purchasing an additional 2,722 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in Citigroup by 1.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 14,242 shares of the company’s stock valued at $1,003,000 after purchasing an additional 202 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Citigroup by 13.5% during the 4th quarter. HB Wealth Management LLC now owns 48,731 shares of the company’s stock worth $3,430,000 after acquiring an additional 5,802 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

C has been the subject of several research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Bank of America reduced their price objective on Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Truist Financial reduced their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. TD Cowen initiated coverage on Citigroup in a research note on Thursday. They set a “hold” rating and a $83.00 price objective for the company. Finally, Oppenheimer raised their price objective on Citigroup from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $83.97.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now directly owns 13,048 shares of the company’s stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of NYSE:C opened at $75.66 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The business has a fifty day simple moving average of $68.12 and a 200 day simple moving average of $71.98. The firm has a market cap of $141.31 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 2.96%. Citigroup’s dividend payout ratio (DPR) is currently 35.39%.

About Citigroup

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.