Black Swift Group LLC Has $595,000 Stake in Citigroup Inc. (NYSE:C)

Black Swift Group LLC grew its position in Citigroup Inc. (NYSE:C) by 60.6% during the third quarter, HoldingsChannel.com reports. The firm owned 9,500 shares of the company’s stock after buying an additional 3,585 shares during the quarter. Black Swift Group LLC’s holdings in Citigroup were worth $595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the 3rd quarter valued at about $28,000. Beacon Capital Management LLC increased its stake in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at about $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on C. Barclays upped their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Oppenheimer raised their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Bank of America increased their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.06.

Citigroup Price Performance

NYSE C traded up $0.09 on Thursday, hitting $68.98. 287,205 shares of the company’s stock were exchanged, compared to its average volume of 14,389,050. The stock has a 50-day moving average of $62.87 and a 200-day moving average of $62.51. The stock has a market cap of $130.46 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 52 week low of $44.32 and a 52 week high of $70.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.