Caxton Associates LLP Buys 13,426 Shares of Citigroup Inc. $C

Caxton Associates LLP increased its stake in shares of Citigroup Inc. (NYSE:C) by 39.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,519 shares of the company’s stock after buying an additional 13,426 shares during the quarter. Caxton Associates LLP’s holdings in Citigroup were worth $4,045,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute bought a new position in shares of Citigroup during the second quarter valued at $34,000. DHJJ Financial Advisors Ltd. increased its position in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Truvestments Capital LLC increased its position in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Citigroup during the 2nd quarter valued at about $38,000. Finally, MTM Investment Management LLC acquired a new position in Citigroup in the second quarter valued at about $43,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on C shares. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $124.00 in a research note on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a report on Wednesday. Truist Financial lifted their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group restated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Finally, Piper Sandler set a $118.00 target price on Citigroup in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.47.

Citigroup Stock Up 0.1%

NYSE C opened at $111.82 on Friday. The stock has a market capitalization of $200.07 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.55 and a beta of 1.21. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $113.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average of $101.21 and a 200-day moving average of $94.39.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 earnings per share. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. Citigroup’s payout ratio is currently 33.71%.

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.