Infrastructure Capital Advisors LLC Purchases 2,723 Shares of Citigroup Inc. (NYSE:C)

Infrastructure Capital Advisors LLC increased its position in Citigroup Inc. (NYSE:C) by 6.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 47,261 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Citigroup were worth $2,959,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of C. MONECO Advisors LLC raised its stake in Citigroup by 2.9% in the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after buying an additional 157 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in Citigroup by 4.5% in the third quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock worth $233,000 after buying an additional 160 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Citigroup by 1.0% in the second quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after buying an additional 169 shares in the last quarter. Grove Bank & Trust raised its stake in Citigroup by 7.1% in the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after buying an additional 170 shares in the last quarter. Finally, MWA Asset Management raised its stake in Citigroup by 1.4% in the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after buying an additional 173 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $70.16 on Friday. Citigroup Inc. has a one year low of $44.56 and a one year high of $71.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $132.69 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.79 and a beta of 1.44. The firm’s fifty day moving average is $64.98 and its two-hundred day moving average is $62.99.

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Oppenheimer upped their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $73.00.

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.