Caprock Group LLC Purchases 1,517 Shares of Citigroup Inc. (NYSE:C)

Caprock Group LLC raised its position in Citigroup Inc. (NYSE:C) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,162 shares of the company’s stock after buying an additional 1,517 shares during the quarter. Caprock Group LLC’s holdings in Citigroup were worth $3,954,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its holdings in shares of Citigroup by 2.8% during the third quarter. Pathstone Holdings LLC now owns 149,742 shares of the company’s stock worth $9,374,000 after purchasing an additional 4,051 shares during the period. Aljian Capital Management LLC acquired a new stake in Citigroup during the third quarter worth approximately $1,522,000. Thrivent Financial for Lutherans increased its stake in Citigroup by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 145,663 shares of the company’s stock worth $9,118,000 after acquiring an additional 3,482 shares during the period. Claro Advisors LLC raised its holdings in Citigroup by 18.5% in the 3rd quarter. Claro Advisors LLC now owns 12,559 shares of the company’s stock valued at $786,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Concord Asset Management LLC VA lifted its position in shares of Citigroup by 6.5% during the 3rd quarter. Concord Asset Management LLC VA now owns 9,475 shares of the company’s stock valued at $593,000 after acquiring an additional 576 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Bank of America increased 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 boosted 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. Finally, The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Down 0.6 %

NYSE:C opened at $68.62 on Wednesday. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $129.78 billion, a PE ratio of 19.89, a P/E/G ratio of 0.77 and a beta of 1.44. The firm’s 50 day simple moving average is $63.62 and its 200 day simple moving average is $62.71.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.26%. 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.