Graypoint LLC Purchases 1,166 Shares of Citigroup Inc. (NYSE:C)

Graypoint LLC grew its position in Citigroup Inc. (NYSE:C) by 11.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,177 shares of the company’s stock after acquiring an additional 1,166 shares during the period. Graypoint LLC’s holdings in Citigroup were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of C. Kentucky Retirement Systems grew its holdings in Citigroup by 2.6% during the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after acquiring an additional 3,808 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after purchasing an additional 173,137 shares during the last quarter. Lloyd Advisory Services LLC. increased its holdings in shares of Citigroup by 355.9% in the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock valued at $1,209,000 after purchasing an additional 14,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after purchasing an additional 8,593 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after buying an additional 23,774 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the subject of several research reports. BMO Capital Markets lifted their target price on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Evercore ISI lifted their price objective on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. Piper Sandler boosted their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Oppenheimer raised their target price on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Argus lifted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Citigroup Trading Up 1.2 %

Shares of C traded up $0.76 during trading hours on Friday, reaching $62.64. The stock had a trading volume of 10,806,580 shares, compared to its average volume of 13,422,590. The company has a market cap of $119.48 billion, a P/E ratio of 17.55, a P/E/G ratio of 0.68 and a beta of 1.46. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average of $62.53 and a 200 day moving average of $61.04.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts expect that Citigroup Inc. will post 5.82 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a dividend of $0.56 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 3.58%. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Citigroup 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.