Citigroup Inc. (NYSE:C) Shares Acquired by Rheos Capital Works Inc.

Rheos Capital Works Inc. increased its holdings in shares of Citigroup Inc. (NYSE:C) by 21.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 663,500 shares of the company’s stock after acquiring an additional 115,000 shares during the period. Citigroup makes up about 2.6% of Rheos Capital Works Inc.’s portfolio, making the stock its 7th largest holding. Rheos Capital Works Inc.’s holdings in Citigroup were worth $46,704,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 3rd quarter valued at about $31,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the third quarter valued at approximately $28,000. Webster Bank N. A. lifted its position in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

C stock opened at $81.43 on Monday. The business’s fifty day moving average price is $73.67 and its 200 day moving average price is $66.63. Citigroup Inc. has a 12-month low of $52.24 and a 12-month high of $82.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $154.01 billion, a PE ratio of 13.69, a P/E/G ratio of 0.64 and a beta of 1.44.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.51 EPS for the current year.

Citigroup declared that its board has approved a stock buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.75%. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on C shares. Morgan Stanley lifted their target price on shares of Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI upped their price objective on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $95.00 in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

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.