Copia Wealth Management Makes New Investment in Citigroup Inc. (NYSE:C)

Copia Wealth Management purchased a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,751 shares of the company’s stock, valued at approximately $194,000.

A number of other large investors also recently made changes to their positions in C. Norges Bank acquired a new position in Citigroup during the fourth quarter worth approximately $1,935,599,000. Capital World Investors grew its stake in shares of Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock valued at $2,206,908,000 after buying an additional 25,705,141 shares during the period. FMR LLC grew its stake in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock valued at $2,418,754,000 after buying an additional 7,863,718 shares during the period. Swedbank AB increased its holdings in shares of Citigroup by 90.2% during the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company’s stock worth $586,120,000 after buying an additional 3,947,912 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Citigroup in the 4th quarter worth $198,231,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

Citigroup Price Performance

C opened at $75.42 on Wednesday. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The firm has a market cap of $140.86 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.64 and a beta of 1.30. 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 fifty day simple moving average of $68.78 and a 200 day simple moving average of $72.34.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Monday, May 5th. Citigroup’s payout ratio is currently 35.39%.

Analyst Ratings Changes

A number of research firms have issued reports on C. Royal Bank of Canada lowered their price target on Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley cut their price target on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Evercore ISI decreased their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $83.97.

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.