Garrison Point Advisors LLC Raises Stake in Citigroup Inc. (NYSE:C)

Garrison Point Advisors LLC grew its holdings in Citigroup Inc. (NYSE:C) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,664 shares of the company’s stock after buying an additional 261 shares during the period. Garrison Point Advisors LLC’s holdings in Citigroup were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. apricus wealth LLC raised its stake in shares of Citigroup by 2.4% during the third quarter. apricus wealth LLC now owns 43,495 shares of the company’s stock worth $2,723,000 after purchasing an additional 1,040 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its stake in Citigroup by 79.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 27,571 shares of the company’s stock valued at $1,726,000 after buying an additional 12,210 shares during the period. CENTRAL TRUST Co raised its position in Citigroup by 920.4% during the 3rd quarter. CENTRAL TRUST Co now owns 18,184 shares of the company’s stock worth $1,138,000 after buying an additional 16,402 shares during the last quarter. Romano Brothers AND Company raised its position in Citigroup by 32.0% during the 3rd quarter. Romano Brothers AND Company now owns 53,653 shares of the company’s stock worth $3,359,000 after buying an additional 13,000 shares during the last quarter. Finally, Courier Capital LLC lifted its stake in shares of Citigroup by 3.4% in the 3rd quarter. Courier Capital LLC now owns 60,280 shares of the company’s stock worth $3,774,000 after acquiring an additional 1,984 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on C shares. Piper Sandler increased their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Oppenheimer decreased their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Trading Down 0.2 %

Shares of Citigroup stock opened at $62.99 on Friday. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The business’s fifty day moving average is $61.67 and its two-hundred day moving average is $61.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market cap of $120.15 billion, a PE ratio of 17.64, a P/E/G ratio of 0.74 and a beta of 1.44.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is presently 62.75%.

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.