Citigroup Inc. (NYSE:C) Stock Holdings Trimmed by KLCM Advisors Inc.

KLCM Advisors Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 499,705 shares of the company's stock after selling 32,460 shares during the period. Citigroup makes up about 4.0% of KLCM Advisors Inc.'s investment portfolio, making the stock its 4th largest holding. KLCM Advisors Inc.'s holdings in Citigroup were worth $25,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Citigroup in the 4th quarter worth $35,000. TRUE Private Wealth Advisors bought a new position in Citigroup in the 4th quarter worth $213,000. Tyche Wealth Partners LLC bought a new position in Citigroup in the 4th quarter worth $461,000. Allen Capital Group LLC bought a new position in Citigroup in the 4th quarter worth $246,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Citigroup by 18.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 914,907 shares of the company's stock worth $47,063,000 after purchasing an additional 144,101 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on C shares. Wells Fargo & Company reissued an "overweight" rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Wolfe Research raised 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. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the company an "in-line" rating in a report on Thursday, April 4th. Finally, Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.91.

Citigroup Stock Up 2.0 %

NYSE:C traded up $1.15 during trading hours on Wednesday, reaching $58.17. The company's stock had a trading volume of 14,882,195 shares, compared to its average volume of 17,329,232. The stock has a 50 day moving average price of $58.11 and a two-hundred day moving average price of $50.98. The company has a market capitalization of $111.41 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. 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 Inc. has a 12 month low of $38.17 and a 12 month high of $63.90.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities analysts predict that Citigroup Inc. will post 5.73 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, May 3rd. Citigroup's dividend payout ratio (DPR) is presently 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.