Catalyst Capital Advisors LLC Buys Shares of 2,919 Citigroup Inc. (NYSE:C)

Catalyst Capital Advisors LLC purchased a new position in Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,919 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. increased its position in Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after purchasing an additional 260 shares in the last quarter. World Equity Group Inc. raised its position in shares of Citigroup by 3.5% in the third quarter. World Equity Group Inc. now owns 11,602 shares of the company’s stock valued at $726,000 after buying an additional 387 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Citigroup by 2.8% in the third quarter. QRG Capital Management Inc. now owns 297,573 shares of the company’s stock valued at $18,628,000 after buying an additional 8,015 shares during the last quarter. National Pension Service boosted its position in Citigroup by 14.0% during the third quarter. National Pension Service now owns 3,835,198 shares of the company’s stock worth $240,083,000 after acquiring an additional 470,036 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. grew its stake in Citigroup by 45.3% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 33,266 shares of the company’s stock worth $2,082,000 after acquiring an additional 10,365 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on C. Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. BMO Capital Markets increased 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. Oppenheimer boosted their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.06.

Citigroup Stock Performance

Citigroup stock opened at $63.69 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96. Citigroup Inc. has a one year low of $41.28 and a one year high of $67.81. The stock’s 50 day moving average price is $61.98 and its 200 day moving average price is $62.19. The firm has a market capitalization of $121.51 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Citigroup (NYSE:C) last announced 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. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 5.87 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s payout ratio is 64.93%.

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.