Beaird Harris Wealth Management LLC Purchases 961 Shares of Citigroup Inc. (NYSE:C)

Beaird Harris Wealth Management LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 160.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,560 shares of the company’s stock after acquiring an additional 961 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Citigroup were worth $98,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new position in shares of Citigroup during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter valued at about $31,000. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 3rd quarter worth $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup during the 2nd quarter valued at about $32,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on C shares. Bank of America upped their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Oppenheimer raised their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $70.00 to $82.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Evercore ISI increased their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.63.

Citigroup Stock Performance

NYSE C opened at $71.01 on Friday. Citigroup Inc. has a fifty-two week low of $49.17 and a fifty-two week high of $73.38. The company has a market cap of $134.30 billion, a P/E ratio of 20.58, a P/E/G ratio of 0.80 and a beta of 1.45. 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’s 50 day moving average price is $67.28 and its 200-day moving average price is $63.65.

Citigroup (NYSE:C) last issued its quarterly 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. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm 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 earned $1.52 EPS. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.