Citigroup Inc. (NYSE:C) Shares Acquired by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd grew its stake in Citigroup Inc. (NYSE:C) by 173.9% during the 3rd quarter, Holdings Channel reports. The firm owned 15,960 shares of the company’s stock after purchasing an additional 10,133 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Citigroup were worth $999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of C. Dynamic Advisor Solutions LLC lifted its stake in shares of Citigroup by 29.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 10,913 shares of the company’s stock worth $693,000 after buying an additional 2,463 shares in the last quarter. Wedmont Private Capital raised its holdings in Citigroup by 11.4% in the 2nd quarter. Wedmont Private Capital now owns 14,571 shares of the company’s stock valued at $940,000 after acquiring an additional 1,496 shares during the last quarter. Diversified Trust Co lifted its stake in Citigroup by 46.9% in the 2nd quarter. Diversified Trust Co now owns 99,959 shares of the company’s stock worth $6,343,000 after purchasing an additional 31,914 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Citigroup by 1.4% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 159,316 shares of the company’s stock worth $10,110,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in shares of Citigroup by 0.9% in the second quarter. Great Valley Advisor Group Inc. now owns 33,368 shares of the company’s stock valued at $2,118,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.1 %

Shares of NYSE:C opened at $72.15 on Monday. The company has a market cap of $136.46 billion, a PE ratio of 20.91, a P/E/G ratio of 0.81 and a beta of 1.45. The company’s 50 day moving average is $66.31 and its two-hundred day moving average is $63.36. Citigroup Inc. has a 52 week low of $47.71 and a 52 week high of $72.85. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released 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 analysts’ expectations of $19.86 billion. During the same quarter last year, the company earned $1.52 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. Bank of America lifted their price objective on Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Oppenheimer boosted their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI raised their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $70.00 to $82.00 in a report on Tuesday, December 3rd. Finally, Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.63.

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.