Centaurus Financial Inc. Buys 842 Shares of Citigroup Inc. (NYSE:C)

Centaurus Financial Inc. raised its stake in Citigroup Inc. (NYSE:C) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,594 shares of the company’s stock after purchasing an additional 842 shares during the quarter. Centaurus Financial Inc.’s holdings in Citigroup were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. POM Investment Strategies LLC purchased a new stake in shares of Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new stake in Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC grew its position 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 buying an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Barclays raised their target price 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. Oppenheimer boosted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Down 1.4 %

Shares of Citigroup stock opened at $69.74 on Wednesday. The company has a 50-day simple moving average of $64.77 and a two-hundred day simple moving average of $62.94. The stock has a market capitalization of $131.90 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a 52-week low of $44.56 and a 52-week high of $71.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

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. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is currently 64.93%.

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.