Hexagon Capital Partners LLC Boosts Holdings in Citigroup Inc. (NYSE:C)

Hexagon Capital Partners LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 41.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,795 shares of the company’s stock after purchasing an additional 3,441 shares during the period. Hexagon Capital Partners LLC’s holdings in Citigroup were worth $607,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Citigroup during the third quarter worth about $209,000. Simplicity Solutions LLC lifted its position in shares of Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after purchasing an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Citigroup by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock worth $64,078,000 after purchasing an additional 449,310 shares in the last quarter. GFS Advisors LLC acquired a new position in shares of Citigroup during the fourth quarter worth $2,003,000. Finally, Sound Income Strategies LLC lifted its position in shares of Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after purchasing an additional 21,440 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of a number of research reports. HSBC increased their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Stock Performance

C traded down $0.93 during trading hours on Tuesday, reaching $61.33. The company’s stock had a trading volume of 11,151,229 shares, compared to its average volume of 16,895,066. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $63.90. The company’s 50-day moving average is $59.36 and its 200-day moving average is $52.35. 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 firm has a market cap of $117.46 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company 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%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued 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 3.46%. Citigroup’s payout ratio is currently 62.72%.

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.