Citigroup Inc. (NYSE:C) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Citigroup Inc. (NYSE:C) by 3.3% in the third quarter, Holdings Channel reports. The firm owned 935,171 shares of the company’s stock after buying an additional 30,299 shares during the period. Captrust Financial Advisors’ holdings in Citigroup were worth $58,542,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. POM Investment Strategies LLC acquired a new stake in Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the second quarter worth about $31,000. Triad Wealth Partners LLC acquired a new position in Citigroup during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC grew its stake in Citigroup by 1,139.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $70.87 on Friday. The firm has a 50-day simple moving average of $65.30 and a two-hundred day simple moving average of $63.10. The stock has a market cap of $134.03 billion, a PE ratio of 20.54, a P/E/G ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a 1-year low of $45.58 and a 1-year high of $71.19. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted 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. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. As a group, analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.16%. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Bank of America boosted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.