Citigroup Inc. (NYSE:C) Position Increased by apricus wealth LLC

apricus wealth LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,495 shares of the company’s stock after buying an additional 1,040 shares during the period. Citigroup comprises approximately 1.8% of apricus wealth LLC’s investment portfolio, making the stock its 23rd biggest position. apricus wealth LLC’s holdings in Citigroup were worth $2,723,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new stake in Citigroup in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE C opened at $62.99 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average is $61.62 and its two-hundred day moving average is $61.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The firm has a market capitalization of $120.15 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.56%. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer lowered their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Finally, Piper Sandler raised their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.06.

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.