Alexander Randolph Advisory Inc. Acquires New Position in Citigroup Inc. (NYSE:C)

Alexander Randolph Advisory Inc. acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,328 shares of the company’s stock, valued at approximately $634,000.

A number of other institutional investors have also modified their holdings of the business. Addison Advisors LLC grew its position in shares of Citigroup by 20.2% during the 4th quarter. Addison Advisors LLC now owns 1,658 shares of the company’s stock valued at $85,000 after buying an additional 279 shares during the last quarter. Terril Brothers Inc. grew its position in Citigroup by 39.0% in the 4th quarter. Terril Brothers Inc. now owns 431,201 shares of the company’s stock worth $22,181,000 after purchasing an additional 120,917 shares during the last quarter. Headlands Technologies LLC grew its position in Citigroup by 1,148.1% in the 4th quarter. Headlands Technologies LLC now owns 72,126 shares of the company’s stock worth $3,710,000 after purchasing an additional 66,347 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Citigroup by 4.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 123,123 shares of the company’s stock worth $6,333,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Kovack Advisors Inc. grew its position in Citigroup by 103.1% in the 4th quarter. Kovack Advisors Inc. now owns 33,533 shares of the company’s stock worth $1,725,000 after purchasing an additional 17,023 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI upped their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. Finally, Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Performance

NYSE:C traded up $0.87 during midday trading on Friday, reaching $62.66. The stock had a trading volume of 16,364,096 shares, compared to its average volume of 14,990,358. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The firm’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $51.99. The stock has a market capitalization of $120.01 billion, a P/E ratio of 18.54, a PEG ratio of 0.94 and a beta of 1.52.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

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.