Citigroup Inc. (NYSE:C) Position Lifted by Principal Securities Inc.

Principal Securities Inc. grew its stake in shares of Citigroup Inc. (NYSE:C) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,730 shares of the company’s stock after acquiring an additional 2,589 shares during the period. Principal Securities Inc.’s holdings in Citigroup were worth $2,487,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lincluden Management Ltd. increased its holdings in shares of Citigroup by 1.3% in the 3rd quarter. Lincluden Management Ltd. now owns 47,173 shares of the company’s stock valued at $2,953,000 after acquiring an additional 623 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in Citigroup during the third quarter valued at $297,000. Catalyst Financial Partners LLC raised its holdings in shares of Citigroup by 6.9% during the third quarter. Catalyst Financial Partners LLC now owns 4,697 shares of the company’s stock worth $294,000 after purchasing an additional 305 shares during the period. Tevis Investment Management lifted its position in shares of Citigroup by 3.2% in the 3rd quarter. Tevis Investment Management now owns 20,396 shares of the company’s stock worth $1,277,000 after buying an additional 631 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at about $398,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Oppenheimer cut their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Argus raised their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Stock Down 0.7 %

C stock opened at $63.71 on Friday. The firm’s 50-day moving average is $61.97 and its two-hundred day moving average is $62.13. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $121.55 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. Citigroup Inc. has a 52 week low of $39.93 and a 52 week high of $67.81.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share 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 the consensus estimate of $19.86 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that Citigroup Inc. will post 5.87 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s payout ratio is currently 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.