Citigroup Inc. (NYSE:C) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in shares of Citigroup Inc. (NYSE:C) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,310 shares of the company’s stock after buying an additional 439 shares during the period. Brooklyn Investment Group’s holdings in Citigroup were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in C. Legacy Investment Solutions LLC acquired a new position in Citigroup during the 3rd quarter worth approximately $31,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup during the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter worth $31,000. GHP Investment Advisors Inc. raised its holdings in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 368 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Citigroup during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on C. The Goldman Sachs Group boosted their price objective on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a report on Thursday. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Oppenheimer lowered their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley upped their price objective on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Citigroup Stock Up 2.0 %

NYSE C opened at $80.05 on Friday. The company has a market capitalization of $151.40 billion, a P/E ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $80.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day simple moving average is $71.22 and its 200 day simple moving average is $65.52.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. Equities research analysts expect that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

Citigroup announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.