Townsquare Capital LLC Raises Stock Holdings in Citigroup Inc. (NYSE:C)

Townsquare Capital LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 7.1% during the third quarter, HoldingsChannel.com reports. The firm owned 137,267 shares of the company’s stock after purchasing an additional 9,146 shares during the period. Townsquare Capital LLC’s holdings in Citigroup were worth $8,593,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of C. POM Investment Strategies LLC purchased a new position in Citigroup during the second quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup in the third quarter valued at approximately $28,000. Beacon Capital Management LLC lifted its position in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup in the second quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new position in Citigroup during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.6 %

Shares of NYSE C opened at $70.16 on Thursday. The company has a market capitalization of $132.69 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $64.98 and a two-hundred day moving average of $62.99. Citigroup Inc. has a 1 year low of $44.56 and a 1 year high of $71.19.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.19% and a net margin of 4.70%. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on C shares. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Bank of America raised their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target 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.