Carson Advisory Inc. Has $1.08 Million Stake in Citigroup Inc. (NYSE:C)

Carson Advisory Inc. lowered its stake in shares of Citigroup Inc. (NYSE:C) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,288 shares of the company’s stock after selling 425 shares during the quarter. Carson Advisory Inc.’s holdings in Citigroup were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of C. Envestnet Portfolio Solutions Inc. lifted its position in shares of Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the period. Lazard Asset Management LLC boosted its position in shares of Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after acquiring an additional 23,774 shares in the last quarter. BDF Gestion bought a new stake in Citigroup in the second quarter valued at about $3,861,000. Chesley Taft & Associates LLC acquired a new position in Citigroup in the second quarter worth about $735,000. Finally, Clearbridge Investments LLC bought a new position in Citigroup during the first quarter worth about $1,447,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Citigroup stock opened at $68.63 on Friday. Citigroup Inc. has a one year low of $41.28 and a one year high of $70.09. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94. The stock’s 50 day moving average is $62.30 and its 200 day moving average is $62.31. The firm has a market cap of $130.93 billion, a P/E ratio of 19.89, a P/E/G ratio of 0.69 and a beta of 1.44.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. As a group, research analysts expect that Citigroup Inc. will post 5.87 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several research analysts have issued reports on C shares. Barclays increased their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their price objective on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Oppenheimer increased their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $72.06.

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.