HighTower Advisors LLC Buys 8,301 Shares of Citigroup Inc. (NYSE:C)

HighTower Advisors LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,294 shares of the company’s stock after acquiring an additional 8,301 shares during the period. HighTower Advisors LLC’s holdings in Citigroup were worth $22,236,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in C. MONECO Advisors LLC increased its position in Citigroup by 2.9% during the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after acquiring an additional 157 shares during the last quarter. Lifestyle Asset Management Inc. increased its position in shares of Citigroup by 4.5% during the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after purchasing an additional 160 shares during the last quarter. Legacy Capital Group California Inc. lifted its stake in shares of Citigroup by 1.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after purchasing an additional 169 shares during the period. Grove Bank & Trust increased its holdings in Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after buying an additional 170 shares during the last quarter. Finally, MWA Asset Management raised its position in Citigroup by 1.4% in the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after acquiring an additional 173 shares during the period. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on C shares. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $70.00 to $82.00 in a research report on Tuesday. Bank of America boosted their price objective on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley dropped their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

Citigroup Stock Down 0.1 %

Shares of C opened at $72.15 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The business has a fifty day moving average of $66.10 and a 200 day moving average of $63.31. The company has a market cap of $136.45 billion, a PE ratio of 20.91, a P/E/G ratio of 0.80 and a beta of 1.45. Citigroup Inc. has a 52-week low of $47.71 and a 52-week high of $72.85.

Citigroup (NYSE:C) last posted its quarterly earnings data 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. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts expect that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.10%. Citigroup’s dividend payout ratio (DPR) is currently 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.