Mirador Capital Partners LP Grows Holdings in Citigroup Inc. (NYSE:C)

Mirador Capital Partners LP raised its position in Citigroup Inc. (NYSE:C) by 267.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,332 shares of the company’s stock after purchasing an additional 16,254 shares during the period. Mirador Capital Partners LP’s holdings in Citigroup were worth $1,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Wealth Management lifted its stake in Citigroup by 0.5% in the fourth quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock valued at $2,046,000 after buying an additional 192 shares during the last quarter. Founders Capital Management lifted its stake in Citigroup by 12.5% in the fourth quarter. Founders Capital Management now owns 1,800 shares of the company’s stock valued at $93,000 after buying an additional 200 shares during the last quarter. Cowa LLC lifted its stake in Citigroup by 3.1% in the fourth quarter. Cowa LLC now owns 6,600 shares of the company’s stock valued at $340,000 after buying an additional 200 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Citigroup by 0.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 24,630 shares of the company’s stock valued at $1,267,000 after buying an additional 200 shares during the last quarter. Finally, Rossmore Private Capital raised its stake in shares of Citigroup by 1.5% during the fourth quarter. Rossmore Private Capital now owns 13,800 shares of the company’s stock valued at $710,000 after purchasing an additional 200 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on C shares. Jefferies Financial Group increased their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price target on shares of Citigroup in a research report on Thursday, June 20th. Oppenheimer lowered their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Finally, Royal Bank of Canada lifted their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.03.

Citigroup Stock Performance

Shares of Citigroup stock traded up $0.52 during trading on Monday, reaching $63.98. The company’s stock had a trading volume of 1,086,215 shares, compared to its average volume of 14,976,636. Citigroup Inc. has a one year low of $38.17 and a one year high of $64.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $122.04 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The business’s fifty day moving average price is $62.06 and its 200-day moving average price is $57.99.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the business earned $1.86 EPS. Citigroup’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s payout ratio is presently 62.72%.

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.