Fifth Third Wealth Advisors LLC acquired a new position in shares of Citigroup Inc. (NYSE:C – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,559 shares of the company’s stock, valued at approximately $1,305,000.
Several other hedge funds and other institutional investors also recently modified their holdings of C. MONECO Advisors LLC boosted its position in Citigroup by 2.9% during the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after purchasing an additional 157 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after buying an additional 164 shares during the period. NorthRock Partners LLC grew its stake in Citigroup by 2.7% in the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock valued at $398,000 after buying an additional 165 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in Citigroup by 1.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after acquiring an additional 169 shares during the period. Finally, Family Legacy Inc. raised its holdings in Citigroup by 2.9% in the 1st quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after acquiring an additional 179 shares during the period. Institutional investors own 71.72% of the company’s stock.
Citigroup Trading Down 1.3 %
NYSE:C traded down $0.77 on Wednesday, reaching $60.54. The company’s stock had a trading volume of 14,411,254 shares, compared to its average volume of 14,893,927. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The business’s 50-day moving average price is $62.32 and its two-hundred day moving average price is $60.66. The firm has a market cap of $115.48 billion, a PE ratio of 16.96, a PEG ratio of 0.68 and a beta of 1.46. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.94.
Citigroup Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.70%. Citigroup’s dividend payout ratio (DPR) is 62.75%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on C shares. Evercore ISI upped their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. Piper Sandler raised their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley lifted their target price on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Oppenheimer raised their price target on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Argus lifted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.06.
Get Our Latest Report on Citigroup
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.
Featured Articles
- Five stocks we like better than Citigroup
- How Can Investors Benefit From After-Hours Trading
- Target Hits the Mark: Q2 Earnings Exceed Expectations
- With Risk Tolerance, One Size Does Not Fit All
- Is Tesla’s Rebound Just Starting? Why You Should Consider Buying
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Stanley Druckenmiller’s Latest Bet: MELI—Should You Follow Suit?
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.