Breakwater Capital Group Has $761,000 Stake in Citigroup Inc. (NYSE:C)

Breakwater Capital Group increased its holdings in Citigroup Inc. (NYSE:C) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,035 shares of the company’s stock after buying an additional 1,579 shares during the period. Breakwater Capital Group’s holdings in Citigroup were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clarity Wealth Advisors LLC lifted its stake in Citigroup by 4.4% during the first quarter. Clarity Wealth Advisors LLC now owns 72,008 shares of the company’s stock worth $4,554,000 after purchasing an additional 3,040 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in Citigroup by 3.0% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,985 shares of the company’s stock worth $505,000 after purchasing an additional 235 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in Citigroup by 13.9% during the first quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock worth $7,300,000 after purchasing an additional 14,100 shares during the last quarter. Griffin Asset Management Inc. lifted its stake in Citigroup by 63.6% during the first quarter. Griffin Asset Management Inc. now owns 26,163 shares of the company’s stock worth $1,655,000 after purchasing an additional 10,172 shares during the last quarter. Finally, Criterion Capital Advisors LLC lifted its stake in Citigroup by 21.9% during the first quarter. Criterion Capital Advisors LLC now owns 25,398 shares of the company’s stock worth $1,606,000 after purchasing an additional 4,567 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Morgan Stanley restated an “overweight” rating and issued a $65.00 price objective on shares of Citigroup in a report on Thursday, June 20th. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.03.

Citigroup Stock Up 3.1 %

NYSE:C traded up $1.91 on Friday, hitting $63.46. The stock had a trading volume of 20,053,213 shares, compared to its average volume of 11,738,575. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $121.05 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.48. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The firm’s fifty day simple moving average is $62.06 and its two-hundred day simple moving average is $57.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.34%. Citigroup’s payout ratio is currently 62.72%.

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.