Citigroup Inc. (NYSE:C) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,590 shares of the company’s stock after purchasing an additional 256 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Citigroup were worth $2,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of C. Envestnet Portfolio Solutions Inc. grew its position in Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after acquiring an additional 8,593 shares in the last quarter. Lazard Asset Management LLC grew its position in Citigroup by 13.4% in the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after acquiring an additional 23,774 shares in the last quarter. BDF Gestion acquired a new position in Citigroup in the 2nd quarter valued at about $3,861,000. Chesley Taft & Associates LLC acquired a new position in shares of Citigroup during the second quarter worth about $735,000. Finally, Summit Global Investments grew its position in shares of Citigroup by 289.5% during the third quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after buying an additional 22,774 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 1.1 %

Shares of C stock opened at $69.05 on Wednesday. The business’s fifty day moving average price is $62.56 and its 200 day moving average price is $62.42. Citigroup Inc. has a 1-year low of $41.93 and a 1-year high of $70.20. The firm has a market capitalization of $131.73 billion, a PE ratio of 20.01, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.24%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Analyst Ratings Changes

C has been the subject of a number of analyst reports. Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $72.06.

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.