Gladstone Institutional Advisory LLC Has $854,000 Position in Citigroup Inc. (NYSE:C)

Gladstone Institutional Advisory LLC grew its position in Citigroup Inc. (NYSE:C) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,637 shares of the company’s stock after purchasing an additional 1,984 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Citigroup were worth $854,000 at the end of the most recent reporting period.

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

Citigroup Stock Down 0.7 %

C stock opened at $63.71 on Friday. The business’s 50 day simple moving average is $61.97 and its 200 day simple moving average is $62.13. Citigroup Inc. has a 1-year low of $39.93 and a 1-year high of $67.81. The firm has a market capitalization of $121.55 billion, a PE ratio of 18.47, a PEG ratio of 0.72 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, research analysts anticipate that Citigroup Inc. will post 5.87 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler increased their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Argus lifted their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $71.06.

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.