Fullcircle Wealth LLC Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Fullcircle Wealth LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 20.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,561 shares of the company’s stock after buying an additional 1,966 shares during the period. Fullcircle Wealth LLC’s holdings in Citigroup were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. POM Investment Strategies LLC purchased a new stake in Citigroup in the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup in the 3rd quarter worth $28,000. Beacon Capital Management LLC increased its holdings in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup during the 2nd quarter worth $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer lowered their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Barclays lifted their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Down 0.7 %

Shares of C stock traded down $0.46 during trading hours on Friday, reaching $63.71. 11,557,690 shares of the stock were exchanged, compared to its average volume of 14,323,738. The firm has a market capitalization of $121.55 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.72 and a beta of 1.44. Citigroup Inc. has a 12-month low of $39.93 and a 12-month high of $67.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94. The business’s fifty day moving average is $61.97 and its two-hundred day moving average is $62.10.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. As a group, research analysts expect that Citigroup Inc. will post 5.87 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.52%. Citigroup’s dividend payout ratio is currently 64.93%.

About Citigroup

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.