Citigroup Inc. (NYSE:C) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its position in shares of Citigroup Inc. (NYSE:C) by 15.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,532 shares of the company’s stock after buying an additional 5,164 shares during the period. Great Valley Advisor Group Inc.’s holdings in Citigroup were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC purchased a new position in Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup in the 3rd quarter valued at approximately $28,000. Beacon Capital Management LLC lifted its holdings in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.3 %

Shares of NYSE:C opened at $69.84 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a 50 day simple moving average of $64.32 and a 200-day simple moving average of $62.85. The company has a market capitalization of $132.09 billion, a PE ratio of 20.24, a P/E/G ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $70.20.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, equities analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. Bank of America raised their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, Oppenheimer upped their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.