Investors Asset Management of Georgia Inc. GA ADV Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Citigroup Inc. (NYSE:C) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,492 shares of the company’s stock after acquiring an additional 1,427 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Citigroup were worth $666,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. blooom inc. purchased a new stake in Citigroup during the second quarter valued at $27,000. Capital Directions Investment Advisors LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at about $28,000. Lee Financial Co increased its position in shares of Citigroup by 44.1% during the 2nd quarter. Lee Financial Co now owns 526 shares of the company’s stock valued at $37,000 after purchasing an additional 161 shares during the last quarter. Parisi Gray Wealth Management bought a new position in shares of Citigroup in the 2nd quarter worth approximately $46,000. Finally, Vigilant Capital Management LLC boosted its holdings in shares of Citigroup by 575.0% in the third quarter. Vigilant Capital Management LLC now owns 675 shares of the company’s stock worth $47,000 after buying an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Citigroup from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 15th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Finally, Jefferies Financial Group upped their price objective on Citigroup from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, October 11th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $81.15.

In other Citigroup news, CEO Cantu Ernesto Torres sold 27,783 shares of the stock in a transaction dated Tuesday, October 19th. The shares were sold at an average price of $72.50, for a total transaction of $2,014,267.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by corporate insiders.

Shares of Citigroup stock opened at $67.28 on Thursday. The company has a market capitalization of $136.36 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.49 and a beta of 1.84. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $69.79 and a 200 day moving average of $71.27. Citigroup Inc. has a fifty-two week low of $54.99 and a fifty-two week high of $80.29.

Citigroup (NYSE:C) last issued its earnings results on Thursday, October 14th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.23. The company had revenue of $17.15 billion during the quarter, compared to the consensus estimate of $16.93 billion. Citigroup had a net margin of 29.23% and a return on equity of 13.12%. Citigroup’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Analysts forecast that Citigroup Inc. will post 10.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Monday, November 1st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, October 29th. Citigroup’s dividend payout ratio (DPR) is presently 19.07%.

About Citigroup

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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