Pacer Advisors Inc. Acquires 5,944 Shares of Citigroup Inc. (NYSE:C)

Pacer Advisors Inc. grew its stake in shares of Citigroup Inc. (NYSE:C) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,765 shares of the company’s stock after buying an additional 5,944 shares during the quarter. Pacer Advisors Inc.’s holdings in Citigroup were worth $8,874,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. POM Investment Strategies LLC purchased a new stake in Citigroup during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC grew its stake in shares of Citigroup by 85.5% in the first 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 purchased a new position in Citigroup during the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC bought a new position in Citigroup during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C opened at $69.84 on Friday. Citigroup Inc. has a one year low of $44.56 and a one year high of $70.20. The stock has a 50-day moving average of $64.32 and a 200 day moving average of $62.85. 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 company has a market capitalization of $132.09 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data 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. 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 analysts’ expectations of $19.86 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

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

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.