Savvy Advisors Inc. Has $686,000 Stake in Citigroup Inc. (NYSE:C)

Savvy Advisors Inc. grew its stake in Citigroup Inc. (NYSE:C) by 33.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,956 shares of the company’s stock after purchasing an additional 2,764 shares during the period. Savvy Advisors Inc.’s holdings in Citigroup were worth $686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of C. Bleakley Financial Group LLC grew its position in Citigroup by 3.3% in the 1st quarter. Bleakley Financial Group LLC now owns 28,695 shares of the company’s stock worth $1,815,000 after purchasing an additional 904 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Citigroup by 12.5% during the 1st quarter. TD Asset Management Inc now owns 1,089,087 shares of the company’s stock valued at $68,874,000 after acquiring an additional 121,432 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in shares of Citigroup during the 1st quarter valued at about $246,000. TBH Global Asset Management LLC acquired a new stake in shares of Citigroup during the 1st quarter valued at about $289,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in shares of Citigroup during the 1st quarter valued at about $271,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 1.1 %

Shares of NYSE C opened at $69.05 on Wednesday. Citigroup Inc. has a 1-year low of $41.93 and a 1-year high of $70.20. The company has a market cap of $131.73 billion, a PE ratio of 20.01, a P/E/G ratio of 0.77 and a beta of 1.44. 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 50-day moving average of $62.56 and a two-hundred day moving average of $62.42.

Citigroup (NYSE:C) last posted its quarterly 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. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, equities analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analysts Forecast Growth

C has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays lifted their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group cut 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.06.

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.