Waverton Investment Management Ltd Purchases 17,700 Shares of Citigroup Inc. (NYSE:C)

Waverton Investment Management Ltd boosted its position in shares of Citigroup Inc. (NYSE:C) by 120.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,400 shares of the company’s stock after purchasing an additional 17,700 shares during the period. Waverton Investment Management Ltd’s holdings in Citigroup were worth $2,028,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Citigroup by 13.4% in the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after acquiring an additional 23,774 shares during the last quarter. BDF Gestion bought a new position in shares of Citigroup in the second quarter worth about $3,861,000. Chesley Taft & Associates LLC bought a new position in shares of Citigroup in the second quarter worth about $735,000. Finally, Clearbridge Investments LLC bought a new stake in shares of Citigroup during the first quarter worth approximately $1,447,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 1.7 %

Citigroup stock opened at $69.80 on Tuesday. The stock has a market capitalization of $133.16 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a twelve month low of $41.93 and a twelve month high of $70.20. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average of $62.56 and a 200-day moving average of $62.42.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on C shares. Bank of America boosted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley dropped their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Argus boosted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Piper Sandler boosted their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.06.

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.