Leo Wealth LLC Acquires Shares of 14,999 Citigroup Inc. (NYSE:C)

Leo Wealth LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,999 shares of the company’s stock, valued at approximately $793,000.

A number of other large investors also recently modified their holdings of the company. Kestra Advisory Services LLC grew its position in shares of Citigroup by 16.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 157,386 shares of the company’s stock valued at $6,473,000 after buying an additional 21,827 shares during the last quarter. Tejara Capital Ltd purchased a new position in shares of Citigroup in the 3rd quarter valued at $18,768,000. QRG Capital Management Inc. purchased a new position in shares of Citigroup in the 3rd quarter valued at $8,904,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Citigroup in the 3rd quarter valued at $1,936,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Citigroup by 49.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,885,568 shares of the company’s stock valued at $118,683,000 after buying an additional 959,040 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the subject of a number of recent research reports. Evercore ISI increased their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Oppenheimer decreased their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.84.

Citigroup Stock Performance

Shares of NYSE C opened at $60.06 on Tuesday. The company has a market cap of $114.56 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day simple moving average of $61.70 and a 200-day simple moving average of $57.15.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period last year, the company earned $1.86 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 5.96 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.53%. Citigroup’s dividend payout ratio (DPR) is 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.