Brooklyn Investment Group Buys 1,658 Shares of Citigroup Inc. (NYSE:C)

Brooklyn Investment Group boosted its stake in shares of Citigroup Inc. (NYSE:C) by 39.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,871 shares of the company’s stock after purchasing an additional 1,658 shares during the quarter. Brooklyn Investment Group’s holdings in Citigroup were worth $368,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC bought a new stake in shares of Citigroup in the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup in the third quarter valued at approximately $28,000. Beacon Capital Management LLC boosted its position in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the second quarter valued at approximately $32,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group cut their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Bank of America upped their target price on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Performance

Shares of NYSE:C opened at $69.74 on Wednesday. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $71.19. The firm has a market cap of $131.90 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The business has a fifty day moving average of $64.77 and a 200-day moving average of $62.94.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.21%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is 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.