Citigroup Inc. (NYSE:C) Stake Increased by Intellectus Partners LLC

Intellectus Partners LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 57.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,780 shares of the company’s stock after acquiring an additional 3,574 shares during the quarter. Intellectus Partners LLC’s holdings in Citigroup were worth $612,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new stake in shares of Citigroup in the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at $28,000. Beacon Capital Management LLC raised its holdings 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 purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at about $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Up 0.9 %

Shares of NYSE C opened at $68.76 on Friday. The firm has a market capitalization of $130.04 billion, a PE ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The business has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $62.59.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on C shares. Wells Fargo & Company boosted their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America upped their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

About Citigroup

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.