Capital Investment Advisors LLC Grows Stock Position in Citigroup Inc. (NYSE:C)

Capital Investment Advisors LLC increased its holdings in Citigroup Inc. (NYSE:CGet Rating) by 13.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,569 shares of the company’s stock after buying an additional 24,104 shares during the period. Capital Investment Advisors LLC’s holdings in Citigroup were worth $10,764,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Disciplined Investments LLC purchased a new stake in shares of Citigroup in the 4th quarter worth about $26,000. Outfitter Financial LLC acquired a new position in Citigroup in the 4th quarter valued at about $30,000. Gordian Capital Singapore Pte Ltd acquired a new position in Citigroup in the 4th quarter valued at about $31,000. FSB Premier Wealth Management Inc. acquired a new position in Citigroup in the 4th quarter valued at about $31,000. Finally, AHL Investment Management Inc. acquired a new position in Citigroup in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

Shares of NYSE:C opened at $47.20 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.92. Citigroup Inc. has a 1 year low of $45.40 and a 1 year high of $74.64. The stock has a market capitalization of $93.50 billion, a P/E ratio of 5.57, a PEG ratio of 0.62 and a beta of 1.60. The stock has a 50-day simple moving average of $50.22 and a 200-day simple moving average of $56.95.

Citigroup (NYSE:CGet Rating) last issued its earnings results on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.28. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.12 billion. During the same quarter in the previous year, the business earned $3.62 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 6.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 2nd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Friday, April 29th. Citigroup’s payout ratio is currently 24.06%.

Several brokerages recently weighed in on C. BMO Capital Markets cut their target price on shares of Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. Atlantic Securities downgraded shares of Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Thursday, March 3rd. Credit Suisse Group downgraded shares of Citigroup from an “outperform” rating to a “neutral” rating and set a $58.00 target price for the company. in a research note on Friday, May 27th. Jefferies Financial Group downgraded shares of Citigroup from a “buy” rating to a “hold” rating and dropped their price objective for the company from $79.00 to $60.00 in a research note on Monday, March 7th. Finally, Morgan Stanley downgraded shares of Citigroup from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $75.00 to $60.00 in a research note on Monday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.87.

Citigroup Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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