Citigroup Inc. (NYSE:C) Shares Bought by Ascent Group LLC

Ascent Group LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,704 shares of the company’s stock after purchasing an additional 3,278 shares during the period. Ascent Group LLC’s holdings in Citigroup were worth $2,131,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $29,000. Beaird Harris Wealth Management LLC raised 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 valued at $31,000 after acquiring an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup in the fourth quarter valued at $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Oppenheimer increased their target price on Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Argus increased their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Keefe, Bruyette & Woods increased their target price on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Citigroup Stock Performance

Shares of NYSE C traded down $0.88 during midday trading on Monday, reaching $64.30. 6,794,275 shares of the company were exchanged, compared to its average volume of 14,832,762. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The stock has a fifty day simple moving average of $63.08 and a 200 day simple moving average of $59.95. The stock has a market cap of $122.65 billion, a P/E ratio of 18.01, a PEG ratio of 0.70 and a beta of 1.46.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter last year, the company posted $1.37 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 5.84 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be given a dividend of $0.56 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.24 annualized dividend and a yield of 3.48%. Citigroup’s payout ratio is presently 59.38%.

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.