Mirador Capital Partners LP Purchases 1,513 Shares of Citigroup Inc. (NYSE:C)

Mirador Capital Partners LP increased its position in shares of Citigroup Inc. (NYSE:C) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,799 shares of the company’s stock after buying an additional 1,513 shares during the quarter. Mirador Capital Partners LP’s holdings in Citigroup were worth $1,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MONECO Advisors LLC increased its position in shares of Citigroup by 2.9% in the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after acquiring an additional 157 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after purchasing an additional 164 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Citigroup by 2.7% in the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock valued at $398,000 after buying an additional 165 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in shares of Citigroup by 1.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock valued at $1,053,000 after buying an additional 169 shares during the last quarter. Finally, Gries Financial LLC grew its stake in shares of Citigroup by 3.0% in the second quarter. Gries Financial LLC now owns 6,000 shares of the company’s stock valued at $381,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Citigroup from $87.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Royal Bank of Canada raised their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Argus upped their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Piper Sandler raised their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $69.06.

Citigroup Price Performance

Citigroup stock traded up $1.33 during mid-day trading on Friday, reaching $62.64. The company had a trading volume of 10,100,488 shares, compared to its average volume of 14,445,869. The business has a fifty day simple moving average of $60.66 and a 200 day simple moving average of $61.74. The company has a market cap of $119.48 billion, a P/E ratio of 17.55, a P/E/G ratio of 0.69 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.07 billion. During the same period last year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Citigroup Inc. will post 5.79 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This is a positive change 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 currently 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.