Citigroup Inc. $C Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its position in Citigroup Inc. (NYSE:C) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 56,105 shares of the company’s stock after purchasing an additional 2,068 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Citigroup were worth $4,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup in the 1st quarter worth about $28,000. Accent Capital Management LLC increased its holdings in shares of Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the period. Truvestments Capital LLC increased its holdings in shares of Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the period. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock worth $37,000 after acquiring an additional 467 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity

In other news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director owned 2,140 shares of the company’s stock, valued at $193,456. The trade was a 58.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on C shares. Dbs Bank cut shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Barclays raised their target price on shares of Citigroup from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Morgan Stanley raised their target price on shares of Citigroup from $107.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Oppenheimer lowered their target price on shares of Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.68.

Citigroup Stock Performance

Shares of C opened at $96.18 on Tuesday. The firm’s 50 day moving average is $97.09 and its 200-day moving average is $84.05. The stock has a market capitalization of $177.05 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Citigroup’s payout ratio is currently 35.45%.

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.