Citigroup Inc. (NYSE:C) is Foundry Partners LLC’s 2nd Largest Position

Foundry Partners LLC grew its holdings in Citigroup Inc. (NYSE:C) by 7.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 714,864 shares of the company’s stock after acquiring an additional 51,178 shares during the period. Citigroup comprises approximately 2.4% of Foundry Partners LLC’s portfolio, making the stock its 2nd biggest holding. Foundry Partners LLC’s holdings in Citigroup were worth $45,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in C. POM Investment Strategies LLC bought a new stake in Citigroup during the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup in the 4th quarter worth approximately $29,000. Beacon Capital Management LLC grew its position in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares during the last quarter. Beaird Harris Wealth Management LLC grew 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 buying an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE C traded up $0.12 on Friday, hitting $60.75. 1,442,603 shares of the company’s stock traded hands, compared to its average volume of 14,512,325. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The firm’s 50-day moving average price is $62.52 and its two-hundred day moving average price is $61.18. The firm has a market capitalization of $115.88 billion, a PE ratio of 17.05, a P/E/G ratio of 0.68 and a beta of 1.45.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts expect that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Monday, August 5th. Citigroup’s payout ratio is currently 62.75%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on C shares. Evercore ISI lifted their price objective on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. Oppenheimer boosted their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada boosted their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. BMO Capital Markets boosted their target price on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Finally, Morgan Stanley boosted their target price on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $68.06.

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.