Fullcircle Wealth LLC Acquires 1,966 Shares of Citigroup Inc. (NYSE:C)

Fullcircle Wealth LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 20.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,561 shares of the company’s stock after acquiring an additional 1,966 shares during the quarter. Fullcircle Wealth LLC’s holdings in Citigroup were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AM Investment Strategies LLC raised its holdings in Citigroup by 15.5% in the third quarter. AM Investment Strategies LLC now owns 39,635 shares of the company’s stock worth $2,481,000 after purchasing an additional 5,310 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Citigroup by 8.2% in the third quarter. Farther Finance Advisors LLC now owns 22,313 shares of the company’s stock worth $1,397,000 after purchasing an additional 1,683 shares in the last quarter. Roanoke Asset Management Corp NY raised its holdings in Citigroup by 9.4% in the third quarter. Roanoke Asset Management Corp NY now owns 55,614 shares of the company’s stock worth $3,481,000 after purchasing an additional 4,769 shares in the last quarter. Americana Partners LLC increased its holdings in shares of Citigroup by 4.4% during the third quarter. Americana Partners LLC now owns 173,154 shares of the company’s stock valued at $10,839,000 after acquiring an additional 7,333 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of Citigroup by 17.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,637 shares of the company’s stock valued at $854,000 after acquiring an additional 1,984 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.7 %

Shares of C stock traded down $0.46 during mid-day trading on Friday, hitting $63.71. The stock had a trading volume of 11,557,690 shares, compared to its average volume of 14,323,738. Citigroup Inc. has a 12-month low of $39.93 and a 12-month high of $67.81. The firm has a market capitalization of $121.55 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The firm’s 50-day moving average is $61.97 and its two-hundred day moving average is $62.10. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

Several research firms recently commented on C. Oppenheimer dropped their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Barclays increased their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

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.