ICONIQ Capital LLC Buys Shares of 17,902 Citigroup Inc. $C

ICONIQ Capital LLC acquired a new position in Citigroup Inc. (NYSE:C) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,902 shares of the company’s stock, valued at approximately $1,524,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Truvestments Capital LLC grew its stake in Citigroup by 131.6% in the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Citigroup in the 2nd quarter worth approximately $34,000. DHJJ Financial Advisors Ltd. raised its stake in shares of Citigroup by 157.1% during 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 in the last quarter. WPG Advisers LLC purchased a new stake in Citigroup during the first quarter valued at approximately $38,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Citigroup during the second quarter valued at approximately $38,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, October 8th. Barclays raised their price target on Citigroup from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research report on Monday, November 24th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $112.47.

Citigroup Trading Up 0.1%

Shares of NYSE:C opened at $111.82 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $113.43. The stock has a market cap of $200.07 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.55 and a beta of 1.21. The business has a 50-day moving average price of $101.21 and a 200-day moving average price of $94.26.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. During the same period last year, the firm posted $1.51 EPS. Citigroup’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

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.