Simplicity Wealth LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Simplicity Wealth LLC purchased a new position in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,646 shares of the company's stock, valued at approximately $1,812,000.

Several other large investors also recently modified their holdings of C. Orion Capital Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $29,000. Beaird Harris Wealth Management LLC boosted its position in shares of Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company's stock worth $31,000 after buying an additional 569 shares during the period. OFI Invest Asset Management acquired a new position in shares of Citigroup during the third quarter worth about $35,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Citigroup during the fourth quarter worth about $35,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 1.4 %

Shares of NYSE C traded down $0.90 during trading hours on Monday, hitting $63.17. The company's stock had a trading volume of 11,785,962 shares, compared to its average volume of 15,973,656. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $120.49 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.96 and a beta of 1.49. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.55. The business has a 50-day simple moving average of $61.25 and a 200-day simple moving average of $54.65.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analysts' expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. On average, analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.36%. Citigroup's dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

C has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Citigroup from $56.00 to $65.00 and gave the company a "hold" rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on Citigroup from $54.00 to $66.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. Oppenheimer reduced their price target on Citigroup from $87.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, April 30th. Piper Sandler raised their price objective on Citigroup from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Finally, Evercore ISI raised their price objective on Citigroup from $58.00 to $60.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.85.

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.

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