Fidelis Capital Partners LLC Boosts Stake in Citigroup Inc. (NYSE:C)

Fidelis Capital Partners LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,780 shares of the company’s stock after buying an additional 4,588 shares during the period. Fidelis Capital Partners LLC’s holdings in Citigroup were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. POM Investment Strategies LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $25,000. Beacon Capital Management LLC grew its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the second quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group cut their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. BMO Capital Markets upped their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Morgan Stanley boosted their target price on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. One 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Stock Performance

Shares of C opened at $62.14 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day moving average of $61.30 and a two-hundred day moving average of $61.46. The stock has a market cap of $118.53 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.62 and a beta of 1.45. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Citigroup’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts predict that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, August 5th. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is 62.75%.

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.