JFS Wealth Advisors LLC Boosts Position in Citigroup Inc. (NYSE:C)

JFS Wealth Advisors LLC increased its position in shares of Citigroup Inc. (NYSE:C) by 75.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,060 shares of the company’s stock after acquiring an additional 1,751 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Citigroup were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of C. Ashton Thomas Private Wealth LLC raised its position in shares of Citigroup by 6.8% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 33,672 shares of the company’s stock valued at $2,129,000 after buying an additional 2,135 shares during the period. Norden Group LLC raised its position in Citigroup by 43.6% in the first quarter. Norden Group LLC now owns 18,304 shares of the company’s stock valued at $1,158,000 after purchasing an additional 5,556 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Citigroup by 11.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 14,128 shares of the company’s stock valued at $894,000 after purchasing an additional 1,431 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Citigroup by 6.1% during the 1st quarter. Private Advisor Group LLC now owns 162,473 shares of the company’s stock worth $10,275,000 after purchasing an additional 9,388 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Citigroup during the 1st quarter worth about $1,035,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. BMO Capital Markets increased their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Argus boosted their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America upped their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Down 0.5 %

Shares of NYSE:C opened at $64.17 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a fifty-two week low of $38.92 and a fifty-two week high of $67.81. The stock has a market cap of $122.42 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The firm’s 50 day moving average price is $61.94 and its 200 day moving average price is $62.06.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (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 analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. As a group, equities research analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.49%. Citigroup’s dividend 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.