4,145 Shares in Citigroup Inc. (NYSE:C) Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors bought a new position in Citigroup Inc. (NYSE:C) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,145 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new stake in Citigroup in the third quarter worth $25,000. SkyView Investment Advisors LLC acquired a new stake in Citigroup in the first quarter worth $28,000. GHP Investment Advisors Inc. increased its position in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the period. AlphaMark Advisors LLC increased its position in Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the fourth quarter worth $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on C. Evercore ISI raised their price target on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Oppenheimer lowered their price target on Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Finally, Barclays lifted their target price on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Trading Up 0.3 %

NYSE:C opened at $58.32 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The firm has a market capitalization of $111.70 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The stock has a fifty day simple moving average of $58.19 and a 200 day simple moving average of $51.03.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the company posted $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts forecast that Citigroup Inc. will post 5.91 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.64%. Citigroup’s payout ratio is presently 62.72%.

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.