Centaurus Financial Inc. Has $327,000 Stake in Citigroup Inc. (NYSE:C)

Centaurus Financial Inc. raised its stake in Citigroup Inc. (NYSE:C) by 21.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,624 shares of the company’s stock after buying an additional 805 shares during the quarter. Centaurus Financial Inc.’s holdings in Citigroup were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC acquired a new stake in shares of Citigroup during the first quarter worth about $36,000. Logan Capital Management Inc. acquired a new stake in shares of Citigroup during the first quarter worth about $37,000. Lee Financial Co raised its position in shares of Citigroup by 44.1% during the second quarter. Lee Financial Co now owns 526 shares of the company’s stock worth $37,000 after purchasing an additional 161 shares during the period. Elmwood Wealth Management Inc. acquired a new stake in shares of Citigroup during the first quarter worth about $46,000. Finally, USA Financial Portformulas Corp raised its position in shares of Citigroup by 3,877.8% during the second quarter. USA Financial Portformulas Corp now owns 716 shares of the company’s stock worth $51,000 after purchasing an additional 698 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:C opened at $68.78 on Wednesday. The stock has a market cap of $139.40 billion, a P/E ratio of 6.91, a PEG ratio of 0.87 and a beta of 1.91. The stock has a 50 day simple moving average of $69.90 and a 200 day simple moving average of $72.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.43. Citigroup Inc. has a 1-year low of $40.49 and a 1-year high of $80.29.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 13th. The company reported $2.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.91. The firm had revenue of $17.50 billion during the quarter, compared to analysts’ expectations of $17.18 billion. Citigroup had a return on equity of 12.10% and a net margin of 27.21%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 9.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Monday, August 2nd were issued a $0.51 dividend. The ex-dividend date was Friday, July 30th. This represents a $2.04 annualized dividend and a yield of 2.97%. Citigroup’s dividend payout ratio is presently 41.80%.

C has been the subject of a number of research reports. Credit Suisse Group decreased their price objective on Citigroup from $83.00 to $82.00 and set an “outperform” rating for the company in a report on Monday, July 19th. Keefe, Bruyette & Woods initiated coverage on Citigroup in a report on Wednesday, July 7th. They set an “outperform” rating and a $85.00 price objective for the company. Wells Fargo & Company increased their price objective on Citigroup from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, June 8th. Piper Sandler decreased their price objective on Citigroup from $95.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, July 15th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a report on Wednesday, July 7th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.97.

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.

Further Reading: Understanding Market Liquidity

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.