RDA Financial Network Takes $207,000 Position in Citigroup Inc. (NYSE:C)

RDA Financial Network bought a new position in shares of Citigroup Inc. (NYSE:C) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,270 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently bought and sold shares of C. Massachusetts Wealth Management boosted its stake in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares during the period. Founders Capital Management boosted its stake in Citigroup by 12.5% in the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares during the period. Cowa LLC boosted its stake in Citigroup by 3.1% in the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in Citigroup by 0.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock worth $1,267,000 after purchasing an additional 200 shares during the period. Finally, Rossmore Private Capital boosted its stake in Citigroup by 1.5% in the 4th quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock worth $710,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. HSBC boosted their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Oppenheimer cut their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Evercore ISI upped their target price on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.03.

Citigroup Stock Performance

NYSE C opened at $59.98 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $114.41 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 0.92 and a beta of 1.48. The firm’s 50 day simple moving average is $61.70 and its 200 day simple moving average is $57.45. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98.

Citigroup (NYSE:C) last issued 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 business had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, research analysts expect that Citigroup Inc. will post 5.9 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm 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. This represents a $2.12 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, May 3rd. 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.