Certuity LLC Purchases 150,484 Shares of Citigroup Inc. (NYSE:C)

Certuity LLC raised its position in Citigroup Inc. (NYSE:C) by 25.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 734,455 shares of the company’s stock after acquiring an additional 150,484 shares during the period. Citigroup accounts for about 3.7% of Certuity LLC’s portfolio, making the stock its 7th largest position. Certuity LLC’s holdings in Citigroup were worth $46,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of C. POM Investment Strategies LLC acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $29,000. Beacon Capital Management LLC lifted its holdings in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on C shares. Argus upped their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Piper Sandler upped 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. Evercore ISI upped their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. Oppenheimer upped their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets upped their target price on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Citigroup Stock Down 2.5 %

Shares of NYSE:C opened at $59.09 on Friday. The stock has a market cap of $112.71 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.68 and a beta of 1.45. The firm has a fifty day moving average price of $62.44 and a 200 day moving average price of $61.25. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion during 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. Sell-side analysts predict that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.79%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio 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.