Citigroup Inc. (NYSE:C) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC raised its stake in Citigroup Inc. (NYSE:C) by 6.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,811 shares of the company’s stock after purchasing an additional 341 shares during the period. Capital Investment Advisory Services LLC’s holdings in Citigroup were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $209,000. Simplicity Solutions LLC raised its stake in Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after purchasing an additional 449,310 shares during the last quarter. GFS Advisors LLC acquired a new position in Citigroup in the 4th quarter valued at $2,003,000. Finally, Sound Income Strategies LLC raised its stake in Citigroup by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after purchasing an additional 21,440 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

C opened at $62.66 on Wednesday. The stock’s 50-day moving average price is $58.64 and its 200 day moving average price is $51.62. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market cap of $120.00 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.89 and a beta of 1.52.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. Citigroup’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on C. HSBC increased their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Barclays upped their target price on Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price on Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

About Citigroup

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.