Azora Capital LP Buys Shares of 258,188 Citigroup Inc. (NYSE:C)

Azora Capital LP purchased a new position in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 258,188 shares of the company’s stock, valued at approximately $16,163,000. Citigroup makes up approximately 0.9% of Azora Capital LP’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC acquired a new stake in Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in Citigroup in the second quarter worth approximately $31,000. Triad Wealth Partners LLC acquired a new position in Citigroup during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Citigroup by 1,139.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company lifted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Oppenheimer increased their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Evercore ISI boosted their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. 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 stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Price Performance

Shares of NYSE:C opened at $70.87 on Monday. Citigroup Inc. has a one year low of $45.58 and a one year high of $71.19. The stock has a market capitalization of $134.03 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.79 and a beta of 1.44. The company has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $63.08. 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 (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. On average, analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.16%. 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.