Breakwater Capital Group Has $1.01 Million Position in Citigroup Inc. (NYSE:C)

Breakwater Capital Group grew its position in Citigroup Inc. (NYSE:C) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,388 shares of the company’s stock after buying an additional 474 shares during the quarter. Breakwater Capital Group’s holdings in Citigroup were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Citigroup by 2.3% in the second quarter. American Century Companies Inc. now owns 339,400 shares of the company’s stock worth $21,538,000 after purchasing an additional 7,778 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Citigroup by 82.7% during the second quarter. Parallel Advisors LLC now owns 28,001 shares of the company’s stock valued at $1,777,000 after acquiring an additional 12,671 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Citigroup by 13.0% in the second quarter. Wealthspire Advisors LLC now owns 3,977 shares of the company’s stock valued at $252,000 after buying an additional 457 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Citigroup by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,279,685 shares of the company’s stock valued at $208,129,000 after purchasing an additional 47,754 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Citigroup by 1.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 73,563 shares of the company’s stock worth $4,668,000 after buying an additional 985 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Evercore ISI lifted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company boosted 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, November 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Price Performance

NYSE:C opened at $72.94 on Tuesday. 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 firm has a market cap of $137.95 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a 50 day moving average price of $70.40 and a 200-day moving average price of $65.15. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is presently 64.93%.

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.