Lifestyle Asset Management Inc. Buys 160 Shares of Citigroup Inc. (NYSE:C)

Lifestyle Asset Management Inc. raised its stake in Citigroup Inc. (NYSE:C) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,730 shares of the company’s stock after acquiring an additional 160 shares during the period. Lifestyle Asset Management Inc.’s holdings in Citigroup were worth $233,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. POM Investment Strategies LLC acquired a new position in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup during the 3rd quarter worth $28,000. Beacon Capital Management LLC boosted its stake 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 buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Citigroup in the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Citigroup in the second quarter worth about $32,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets boosted their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. The Goldman Sachs Group dropped their price objective 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. Barclays upped their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI lifted their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.06.

Citigroup Price Performance

Shares of NYSE C opened at $68.09 on Friday. The stock has a market cap of $129.90 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.69 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $70.09. The firm’s 50-day simple moving average is $62.17 and its 200 day simple moving average is $62.27. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc. will post 5.87 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 3.29%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is 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.