MONECO Advisors LLC Invests $207,000 in Citigroup Inc. (NYSE:C)

MONECO Advisors LLC purchased a new position in Citigroup Inc. (NYSE:CGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,874 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp increased its position in Citigroup by 1.2% during the 4th quarter. State Street Corp now owns 92,061,999 shares of the company’s stock valued at $5,559,624,000 after buying an additional 1,082,829 shares in the last quarter. Geode Capital Management LLC increased its position in Citigroup by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 33,753,519 shares of the company’s stock valued at $2,033,390,000 after buying an additional 319,525 shares in the last quarter. Invesco Ltd. increased its position in Citigroup by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,812,744 shares of the company’s stock valued at $1,015,320,000 after buying an additional 142,512 shares in the last quarter. Bank of Montreal Can increased its position in Citigroup by 24.9% during the 4th quarter. Bank of Montreal Can now owns 16,339,049 shares of the company’s stock valued at $1,139,484,000 after buying an additional 3,257,303 shares in the last quarter. Finally, Norges Bank acquired a new position in Citigroup during the 4th quarter valued at about $889,483,000. 74.91% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of Citigroup stock opened at $51.66 on Friday. The business has a 50 day simple moving average of $49.22 and a two-hundred day simple moving average of $53.97. Citigroup Inc. has a 12 month low of $43.44 and a 12 month high of $74.64. The stock has a market capitalization of $102.33 billion, a P/E ratio of 6.61, a PEG ratio of 0.64 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.92.

Citigroup (NYSE:CGet Rating) last announced its earnings results on Friday, July 15th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.57. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $18.32 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. As a group, analysts predict that Citigroup Inc. will post 7.21 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $2.04 annualized dividend and a dividend yield of 3.95%. Citigroup’s dividend payout ratio is presently 26.09%.

Analyst Ratings Changes

C has been the topic of a number of research reports. Morgan Stanley cut their price objective on Citigroup from $57.00 to $46.00 and set an “underweight” rating on the stock in a report on Tuesday, July 12th. Evercore ISI set a $54.00 price objective on Citigroup in a report on Tuesday, July 19th. Piper Sandler cut their price objective on Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. Finally, Cfra reissued a “buy” rating and issued a $62.00 price objective on shares of Citigroup in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Citigroup currently has a consensus rating of “Hold” and a consensus price target of $62.95.

Citigroup Profile

(Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:CGet Rating).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.