Calamos Wealth Management LLC Sells 294 Shares of Citigroup Inc. (NYSE:C)

Calamos Wealth Management LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,688 shares of the company’s stock after selling 294 shares during the quarter. Calamos Wealth Management LLC’s holdings in Citigroup were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. abrdn plc raised its holdings in shares of Citigroup by 22.7% during the 4th quarter. abrdn plc now owns 2,277,752 shares of the company’s stock valued at $117,168,000 after purchasing an additional 421,579 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Citigroup by 0.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after acquiring an additional 200 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Citigroup by 23.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 12,697 shares of the company’s stock worth $653,000 after acquiring an additional 2,375 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Citigroup in the 4th quarter worth $948,000. Finally, Greenleaf Trust raised its holdings in Citigroup by 8.2% in the 4th quarter. Greenleaf Trust now owns 19,315 shares of the company’s stock worth $994,000 after acquiring an additional 1,464 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on C shares. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Jefferies Financial Group raised their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Price Performance

NYSE:C opened at $59.14 on Monday. The firm has a market cap of $113.27 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $58.30 and its two-hundred day moving average price is $51.32.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. On average, equities analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders 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 yield of 3.58%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

About Citigroup

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.