Citigroup Inc. (NYSE:C) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its position in Citigroup Inc. (NYSE:C) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,704,537 shares of the company’s stock after buying an additional 84,751 shares during the quarter. Raymond James & Associates owned about 0.09% of Citigroup worth $108,170,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Citigroup during the fourth quarter worth $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup during the 4th quarter worth $29,000. Beacon Capital Management LLC increased its holdings in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Beaird Harris Wealth Management LLC lifted 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 purchasing an additional 569 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup during the second quarter worth about $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer boosted their target price on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Morgan Stanley increased their price objective on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Evercore ISI upped their price target on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. BMO Capital Markets raised their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Citigroup Trading Up 1.5 %

Shares of C stock traded up $0.88 during mid-day trading on Friday, reaching $61.40. The company’s stock had a trading volume of 9,939,926 shares, compared to its average volume of 14,974,501. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $117.12 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. The company’s 50 day simple moving average is $62.25 and its 200-day simple moving average is $60.55. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. On average, research analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be paid a $0.56 dividend. 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 dividend yield of 3.65%. Citigroup’s payout ratio is 62.75%.

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.