Townsquare Capital LLC Acquires 9,146 Shares of Citigroup Inc. (NYSE:C)

Townsquare Capital LLC raised its position in shares of Citigroup Inc. (NYSE:C) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,267 shares of the company’s stock after purchasing an additional 9,146 shares during the period. Townsquare Capital LLC’s holdings in Citigroup were worth $8,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares in the last quarter. BDF Gestion bought a new position in shares of Citigroup in the 2nd quarter worth $3,861,000. KBC Group NV raised its position in shares of Citigroup by 1.8% in the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after acquiring an additional 20,291 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Citigroup by 4.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock worth $24,710,000 after acquiring an additional 18,278 shares in the last quarter. Finally, Summit Global Investments raised its position in shares of Citigroup by 289.5% in the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after acquiring an additional 22,774 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on C shares. Wells Fargo & Company boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Bank of America boosted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, 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 report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Up 0.6 %

Shares of C stock opened at $70.16 on Thursday. The stock’s 50-day simple moving average is $64.98 and its 200-day simple moving average is $62.99. 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 firm has a market capitalization of $132.69 billion, a PE ratio of 20.34, a P/E/G ratio of 0.79 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $71.19.

Citigroup (NYSE:C) last posted its 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 firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. Equities analysts expect that Citigroup Inc. will post 5.85 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. Investors of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 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.