Sage Mountain Advisors LLC Has $286,000 Holdings in Citigroup Inc. (NYSE:C)

Sage Mountain Advisors LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 35.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,501 shares of the company’s stock after buying an additional 1,181 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Citigroup were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the second quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new position in shares of Citigroup during the 4th quarter valued at approximately $29,000. Beacon Capital Management LLC lifted its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the last quarter. Beaird Harris Wealth Management LLC increased its stake in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Citigroup during the 2nd quarter valued at $32,000. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on C shares. Oppenheimer upped their price objective on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Argus boosted their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Royal Bank of Canada upped their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods upped their price target on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.06.

Citigroup Stock Performance

Shares of C stock traded up $0.76 during trading hours on Friday, hitting $62.64. The stock had a trading volume of 10,806,580 shares, compared to its average volume of 14,658,462. The stock’s 50 day moving average is $62.53 and its 200 day moving average is $60.98. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The firm has a market capitalization of $119.48 billion, a PE ratio of 17.55, a PEG ratio of 0.68 and a beta of 1.46. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.95.

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 analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same quarter last year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, August 5th. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is currently 62.75%.

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.