Citigroup Inc. (NYSE:C) Holdings Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,543 shares of the company’s stock after buying an additional 254 shares during the period. Simon Quick Advisors LLC’s holdings in Citigroup were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Foundations Investment Advisors LLC grew its stake in shares of Citigroup by 12.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 229,255 shares of the company’s stock valued at $14,549,000 after buying an additional 24,915 shares in the last quarter. First National Trust Co grew its position in Citigroup by 5.4% in the second quarter. First National Trust Co now owns 19,596 shares of the company’s stock worth $1,244,000 after acquiring an additional 1,000 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Citigroup by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 163,741 shares of the company’s stock worth $10,391,000 after acquiring an additional 1,026 shares in the last quarter. Naviter Wealth LLC increased its stake in shares of Citigroup by 3.8% during the 2nd quarter. Naviter Wealth LLC now owns 31,658 shares of the company’s stock worth $2,009,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its holdings in shares of Citigroup by 51.5% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 15,287 shares of the company’s stock valued at $970,000 after purchasing an additional 5,195 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Evercore ISI raised their price objective on 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 upped their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Morgan Stanley lifted their price target 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. One 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. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $68.06.

Citigroup Stock Performance

NYSE C opened at $60.96 on Thursday. The company’s fifty day moving average is $62.54 and its two-hundred day moving average is $61.18. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. 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 firm has a market capitalization of $116.28 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 0.68 and a beta of 1.46.

Citigroup (NYSE:C) last released its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio is presently 62.75%.

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.