Citigroup Inc. (NYSE:C) Shares Acquired by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lifted its position in Citigroup Inc. (NYSE:C) by 1.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 19,688 shares of the company’s stock after purchasing an additional 205 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Citigroup were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aspiriant LLC acquired a new position in shares of Citigroup during the 1st quarter worth approximately $219,000. Wealthcare Advisory Partners LLC raised its position in Citigroup by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 20,147 shares of the company’s stock worth $1,274,000 after acquiring an additional 1,449 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Citigroup by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 116,728 shares of the company’s stock valued at $7,382,000 after purchasing an additional 4,132 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Citigroup by 11.4% during the first quarter. Atlantic Union Bankshares Corp now owns 20,909 shares of the company’s stock worth $1,322,000 after purchasing an additional 2,137 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Citigroup during the 1st quarter worth about $11,246,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Piper Sandler boosted their price target on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Argus boosted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Oppenheimer lowered their price target on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Trading Up 0.0 %

NYSE:C traded up $0.01 during trading hours on Friday, reaching $63.01. 350,387 shares of the company were exchanged, compared to its average volume of 14,329,513. The stock has a 50 day simple moving average of $61.67 and a 200 day simple moving average of $61.95. The firm has a market cap of $120.19 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.74 and a beta of 1.44. 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 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the company posted $1.52 EPS. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is 62.75%.

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.