Citigroup Inc. (NYSE:C) Shares Bought by Beta Wealth Group Inc.

Beta Wealth Group Inc. increased its position in Citigroup Inc. (NYSE:C) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,621 shares of the company’s stock after acquiring an additional 406 shares during the period. Beta Wealth Group Inc.’s holdings in Citigroup were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of C. POM Investment Strategies LLC purchased a new position in Citigroup during the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC lifted its holdings in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Up 0.8 %

Shares of NYSE:C opened at $68.63 on Friday. The business has a 50-day moving average price of $62.42 and a 200 day moving average price of $62.36. Citigroup Inc. has a 12-month low of $41.28 and a 12-month high of $70.09. 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 $130.93 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.69 and a beta of 1.44.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS 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 analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’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 EPS. Sell-side analysts expect that Citigroup Inc. will post 5.87 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.26%. Citigroup’s dividend payout ratio is presently 64.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on C. The Goldman Sachs Group lowered their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Piper Sandler increased their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Bank of America boosted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer increased their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.06.

Citigroup 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.