Caprock Group LLC Purchases 1,517 Shares of Citigroup Inc. (NYSE:C)

Caprock Group LLC raised its holdings in Citigroup Inc. (NYSE:C) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,162 shares of the company’s stock after acquiring an additional 1,517 shares during the quarter. Caprock Group LLC’s holdings in Citigroup were worth $3,954,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC bought a new position in shares of Citigroup in the 1st quarter worth $1,447,000. Bessemer Group Inc. grew its holdings in shares of Citigroup by 28.7% during the first quarter. Bessemer Group Inc. now owns 97,307 shares of the company’s stock valued at $6,154,000 after buying an additional 21,684 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Citigroup by 63.2% during the first quarter. Lake Street Advisors Group LLC now owns 15,079 shares of the company’s stock worth $954,000 after acquiring an additional 5,840 shares in the last quarter. InterOcean Capital Group LLC acquired a new stake in shares of Citigroup in the 1st quarter worth about $273,000. Finally, Crewe Advisors LLC bought a new position in Citigroup in the 1st quarter valued at about $192,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 0.6 %

Shares of NYSE C opened at $68.62 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $129.78 billion, a PE ratio of 19.89, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20. The business’s fifty day moving average price is $63.62 and its 200-day moving average price is $62.71.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a dividend yield of 3.26%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on C. Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer upped their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Bank of America raised their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI upped 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. Finally, The Goldman Sachs Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

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.