5,827 Shares in Citigroup Inc. (NYSE:C) Purchased by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd purchased a new position in shares of Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,827 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds have also bought and sold shares of C. Brown Brothers Harriman & Co. grew its stake in Citigroup by 72.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,062 shares of the company’s stock worth $106,000 after buying an additional 865 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Citigroup during the fourth quarter worth about $671,000. The Manufacturers Life Insurance Company grew its stake in Citigroup by 6.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,522,315 shares of the company’s stock worth $129,748,000 after buying an additional 152,089 shares in the last quarter. CWA Asset Management Group LLC grew its stake in Citigroup by 11.6% during the fourth quarter. CWA Asset Management Group LLC now owns 15,529 shares of the company’s stock worth $799,000 after buying an additional 1,614 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in Citigroup by 7.4% during the fourth quarter. Belpointe Asset Management LLC now owns 30,678 shares of the company’s stock worth $1,578,000 after buying an additional 2,125 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Down 1.2 %

Shares of C opened at $61.83 on Wednesday. The business’s 50-day moving average price is $60.76 and its 200-day moving average price is $61.74. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The stock has a market cap of $117.94 billion, a PE ratio of 17.32, a P/E/G ratio of 0.69 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. Citigroup’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 5.79 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 annualized dividend and a yield of 3.62%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is currently 62.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on C. Morgan Stanley raised their price target on shares of Citigroup from $79.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Argus raised their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. BMO Capital Markets raised their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada raised their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.69.

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.