Kingsview Wealth Management LLC Has $1.01 Million Stake in Citigroup Inc. (NYSE:C)

Kingsview Wealth Management LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,186 shares of the company’s stock after purchasing an additional 1,619 shares during the period. Kingsview Wealth Management LLC’s holdings in Citigroup were worth $1,013,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in C. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Citigroup by 1,328.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 130,248 shares of the company’s stock worth $8,237,000 after purchasing an additional 121,130 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Citigroup by 19.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 60,511 shares of the company’s stock valued at $3,827,000 after buying an additional 9,884 shares during the period. Tidal Investments LLC grew its holdings in shares of Citigroup by 5.3% during the 1st quarter. Tidal Investments LLC now owns 78,298 shares of the company’s stock valued at $4,946,000 after acquiring an additional 3,976 shares in the last quarter. Comerica Bank increased its stake in shares of Citigroup by 1.0% in the first quarter. Comerica Bank now owns 565,542 shares of the company’s stock worth $35,765,000 after acquiring an additional 5,627 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in shares of Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on C shares. Barclays boosted their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Evercore ISI upped their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Stock Down 1.4 %

C opened at $69.74 on Wednesday. The business has a 50 day moving average of $64.77 and a 200-day moving average of $62.94. The stock has a market capitalization of $131.90 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1-year low of $44.56 and a 1-year high of $71.19.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.70% and a return on equity of 6.19%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The company 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. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.21%. Citigroup’s dividend payout ratio (DPR) is 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.