Claro Advisors LLC Buys 1,965 Shares of Citigroup Inc. (NYSE:C)

Claro Advisors LLC boosted its stake in Citigroup Inc. (NYSE:C) by 18.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,559 shares of the company’s stock after acquiring an additional 1,965 shares during the quarter. Claro Advisors LLC’s holdings in Citigroup were worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new stake in Citigroup during the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the 3rd quarter worth about $28,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup during the 2nd quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Citigroup during the 2nd quarter worth about $32,000. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on C shares. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank of America boosted their target price on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Up 0.9 %

Shares of C opened at $68.76 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $44.32 and a 12 month high of $70.20. The firm’s 50 day moving average is $63.21 and its 200-day moving average is $62.61. The stock has a market capitalization of $130.04 billion, a PE ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44.

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

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. Citigroup’s payout ratio is 64.93%.

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.