SYM FINANCIAL Corp Makes New Investment in Citigroup Inc. (NYSE:C)

SYM FINANCIAL Corp acquired a new position in Citigroup Inc. (NYSE:C) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,805 shares of the company’s stock, valued at approximately $368,000.

A number of other large investors have also recently made changes to their positions in C. MONECO Advisors LLC grew its stake in 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 purchasing an additional 157 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings 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 valued at $272,000 after purchasing an additional 164 shares during the last quarter. NorthRock Partners LLC boosted its position in shares of Citigroup by 2.7% in the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after purchasing an additional 165 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after buying an additional 169 shares during the last quarter. Finally, Gries Financial LLC raised its stake in 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 during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 0.1 %

Shares of Citigroup stock opened at $57.34 on Friday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The stock has a market cap of $109.39 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.62 and a beta of 1.45. The stock’s 50 day simple moving average is $61.94 and its 200-day simple moving average is $61.28. 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 (NYSE:C) last released its quarterly earnings data 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 analysts’ expectations of $20.07 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.91%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio is 62.75%.

Wall Street Analyst Weigh In

C has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Oppenheimer increased their price objective 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. Argus raised their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Morgan Stanley increased their price target on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup 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.