D.A. Davidson & CO. Boosts Position in Citigroup Inc. (NYSE:C)

D.A. Davidson & CO. boosted its position in shares of Citigroup Inc. (NYSE:C) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,877 shares of the company’s stock after purchasing an additional 3,536 shares during the quarter. D.A. Davidson & CO.’s holdings in Citigroup were worth $3,561,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new stake in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup in the second quarter valued at $31,000. Triad Wealth Partners LLC purchased a new stake in shares of Citigroup in the second quarter valued at $32,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One equities 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Price Performance

C stock opened at $70.16 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 1 year low of $44.56 and a 1 year high of $71.19. The firm has a market cap of $132.69 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The stock has a 50-day simple moving average of $64.98 and a 200-day simple moving average of $62.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

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.