Citigroup Inc. (NYSE:C) Shares Bought by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC raised its holdings in Citigroup Inc. (NYSE:C) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,697 shares of the company’s stock after purchasing an additional 305 shares during the period. Catalyst Financial Partners LLC’s holdings in Citigroup were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in C. POM Investment Strategies LLC purchased a new position in Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the third quarter valued at approximately $28,000. Beacon Capital Management LLC lifted 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup in the second quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the second quarter worth approximately $32,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer lowered their target price on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets increased their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Finally, Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Performance

NYSE C opened at $64.17 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $122.42 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.74 and a beta of 1.44. The stock has a 50-day moving average of $61.94 and a two-hundred day moving average of $62.06. Citigroup Inc. has a 1-year low of $38.92 and a 1-year high of $67.81.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Citigroup Company 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.