Gordian Capital Singapore Pte Ltd Acquires 10,133 Shares of Citigroup Inc. (NYSE:C)

Gordian Capital Singapore Pte Ltd lifted its stake in Citigroup Inc. (NYSE:C) by 173.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,960 shares of the company’s stock after purchasing an additional 10,133 shares during the period. Gordian Capital Singapore Pte Ltd’s holdings in Citigroup were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its stake in shares of Citigroup by 29.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 10,913 shares of the company’s stock valued at $693,000 after buying an additional 2,463 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Citigroup by 11.4% in the second quarter. Wedmont Private Capital now owns 14,571 shares of the company’s stock valued at $940,000 after acquiring an additional 1,496 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Citigroup by 46.9% in the second quarter. Diversified Trust Co now owns 99,959 shares of the company’s stock worth $6,343,000 after acquiring an additional 31,914 shares during the period. NorthCrest Asset Manangement LLC grew its position in shares of Citigroup by 1.4% during the second quarter. NorthCrest Asset Manangement LLC now owns 159,316 shares of the company’s stock worth $10,110,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in Citigroup by 0.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 33,368 shares of the company’s stock valued at $2,118,000 after purchasing an additional 282 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE C opened at $72.15 on Monday. Citigroup Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $72.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $136.46 billion, a P/E ratio of 20.91, a PEG ratio of 0.81 and a beta of 1.45. The stock has a 50-day simple moving average of $66.31 and a two-hundred day simple moving average of $63.36.

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

Citigroup Announces Dividend

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 yield of 3.10%. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Ratings Changes

Several research analysts have weighed in on C shares. Piper Sandler upped their price target on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America raised their target price on shares of Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $82.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI boosted their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $75.63.

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.