Citizens Financial Group Inc. RI Acquires 2,790 Shares of Citigroup Inc. (NYSE:C)

Citizens Financial Group Inc. RI boosted its holdings in Citigroup Inc. (NYSE:C) by 23.7% in the third quarter, Holdings Channel reports. The firm owned 14,549 shares of the company’s stock after purchasing an additional 2,790 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Citigroup were worth $911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. POM Investment Strategies LLC bought a new position in shares of Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the third quarter valued at approximately $28,000. Beacon Capital Management LLC increased its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup during the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $32,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $69.84 on Friday. The firm has a market cap of $132.09 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. 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’s fifty day moving average price is $64.32 and its two-hundred day moving average price is $62.84. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20.

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

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. Citigroup’s dividend payout ratio is 64.93%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on C shares. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Barclays raised their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America boosted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research 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. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.