Intellectus Partners LLC Has $612,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Intellectus Partners LLC lifted its position in Citigroup Inc. (NYSE:C) by 57.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,780 shares of the company’s stock after buying an additional 3,574 shares during the quarter. Intellectus Partners LLC’s holdings in Citigroup were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares during the period. Swedbank AB bought a new position in Citigroup during the first quarter valued at about $253,286,000. Acadian Asset Management LLC raised its holdings in Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after acquiring an additional 2,100,135 shares in the last quarter. Caxton Associates LP lifted its position in shares of Citigroup by 7,393.3% in the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after acquiring an additional 1,988,494 shares during the period. Finally, Capital World Investors grew its holdings in shares of Citigroup by 26.1% during the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock worth $333,929,000 after purchasing an additional 1,092,980 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.9 %

Shares of NYSE:C opened at $68.76 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $130.04 billion, a P/E ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20. The company’s 50-day moving average price is $63.21 and its two-hundred day moving average price is $62.59.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the business posted $1.52 earnings per share. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. Citigroup’s payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on C. Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Evercore ISI raised their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.