Creative Financial Designs Inc. ADV Purchases 1,643 Shares of Citigroup Inc. (NYSE:C)

Creative Financial Designs Inc. ADV increased its holdings in shares of Citigroup Inc. (NYSE:C) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,413 shares of the company’s stock after acquiring an additional 1,643 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Citigroup were worth $2,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Principal Securities Inc. grew its stake in Citigroup by 7.0% during the third quarter. Principal Securities Inc. now owns 39,730 shares of the company’s stock worth $2,487,000 after buying an additional 2,589 shares during the last quarter. Lincluden Management Ltd. raised its position in Citigroup by 1.3% in the 3rd quarter. Lincluden Management Ltd. now owns 47,173 shares of the company’s stock valued at $2,953,000 after purchasing an additional 623 shares during the last quarter. Palumbo Wealth Management LLC acquired a new position in Citigroup in the third quarter worth $297,000. Catalyst Financial Partners LLC grew its holdings in shares of Citigroup by 6.9% during the third quarter. Catalyst Financial Partners LLC now owns 4,697 shares of the company’s stock worth $294,000 after purchasing an additional 305 shares during the last quarter. Finally, Tevis Investment Management raised its stake in shares of Citigroup by 3.2% in the third quarter. Tevis Investment Management now owns 20,396 shares of the company’s stock worth $1,277,000 after acquiring an additional 631 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 0.5 %

NYSE:C traded up $0.34 during trading hours on Friday, reaching $64.51. The company had a trading volume of 675,899 shares, compared to its average volume of 14,270,772. The business’s 50-day simple moving average is $61.94 and its two-hundred day simple moving average is $62.06. Citigroup Inc. has a twelve month low of $39.93 and a twelve month high of $67.81. The firm has a market cap of $123.07 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (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 analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. On average, equities analysts expect that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on C shares. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI increased 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. Argus raised their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

About Citigroup

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.