Citigroup Inc. (NYSE:C) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its position in shares of Citigroup Inc. (NYSE:C) by 23.0% during the fourth quarter, Holdings Channel reports. The fund owned 12,697 shares of the company’s stock after acquiring an additional 2,375 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Citigroup were worth $653,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $25,000. GHP Investment Advisors Inc. boosted its holdings in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Citigroup in the 3rd quarter valued at $35,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Citigroup in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

C opened at $60.97 on Tuesday. The company has a 50-day moving average of $58.44 and a 200-day moving average of $51.47. The company has a market capitalization of $116.77 billion, a P/E ratio of 18.04, a PEG ratio of 0.89 and a beta of 1.52. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 5.97 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on C. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 target price on the stock. in a research note on Wednesday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 3rd. Barclays raised their target price on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI raised their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.91.

About Citigroup

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.