Juncture Wealth Strategies LLC Acquires 1,200 Shares of Citigroup Inc. (NYSE:C)

Juncture Wealth Strategies LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 32.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,898 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Citigroup were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. POM Investment Strategies LLC purchased a new position in shares of Citigroup during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter worth about $31,000. Triad Wealth Partners LLC bought a new position in shares of Citigroup during the second quarter valued at approximately $32,000. Finally, Capital Advisors Ltd. LLC grew its position in Citigroup by 93.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock valued at $36,000 after acquiring an additional 276 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $65.74 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The stock has a market cap of $125.42 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The business has a 50-day simple moving average of $60.66 and a 200-day simple moving average of $61.89.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. During the same quarter in the previous year, the business earned $1.37 EPS. Citigroup’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date was Monday, August 5th. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a yield of 3.41%. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

Analysts Set New Price Targets

C has been the subject of a number of research reports. Oppenheimer boosted their price target on Citigroup from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Evercore ISI lifted their price objective on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. Royal Bank of Canada raised their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, The Goldman Sachs Group lowered their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.33.

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.