MONECO Advisors LLC Acquires Shares of 4,513 Citigroup Inc. (NYSE:C)

MONECO Advisors LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,513 shares of the company’s stock, valued at approximately $232,000.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $29,000. Beaird Harris Wealth Management LLC boosted its position in shares of Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Citigroup in the 4th quarter worth approximately $35,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup in the 4th quarter worth approximately $39,000. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Jefferies Financial Group upped their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada upped their price objective on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.84.

Citigroup Price Performance

C stock traded up $0.07 during trading on Monday, reaching $59.40. The company’s stock had a trading volume of 10,291,554 shares, compared to its average volume of 15,109,713. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $113.30 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company’s fifty day moving average is $61.74 and its 200-day moving average is $57.05.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter 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, research analysts expect that Citigroup Inc. will post 5.96 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

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.