Diversify Advisory Services LLC Has $3.29 Million Holdings in Citigroup Inc. $C

Diversify Advisory Services LLC raised its position in Citigroup Inc. (NYSE:C) by 266.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 38,616 shares of the company’s stock after purchasing an additional 28,075 shares during the period. Diversify Advisory Services LLC’s holdings in Citigroup were worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC grew its holdings in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after buying an additional 246 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Citigroup during the 2nd quarter worth approximately $34,000. DHJJ Financial Advisors Ltd. boosted its position in Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the second quarter valued at approximately $38,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

C has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and issued a $108.00 price objective on shares of Citigroup in a research report on Monday, November 24th. Piper Sandler set a $118.00 price target on shares of Citigroup in a research report on Wednesday. TD Cowen increased their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Wells Fargo & Company lifted their target price on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Finally, Truist Financial upped their target price on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $109.23.

Citigroup Stock Up 0.5%

Shares of C stock opened at $111.68 on Friday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $112.34. The stock has a market cap of $199.83 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.55 and a beta of 1.21. The firm’s 50-day moving average is $100.92 and its 200-day moving average is $93.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $1.51 earnings per share. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is presently 33.71%.

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.