Farther Finance Advisors LLC Purchases 1,683 Shares of Citigroup Inc. (NYSE:C)

Farther Finance Advisors LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 8.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,313 shares of the company’s stock after buying an additional 1,683 shares during the quarter. Farther Finance Advisors LLC’s holdings in Citigroup were worth $1,397,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Roanoke Asset Management Corp NY lifted its holdings in Citigroup by 9.4% in the third quarter. Roanoke Asset Management Corp NY now owns 55,614 shares of the company’s stock worth $3,481,000 after buying an additional 4,769 shares during the period. Americana Partners LLC grew its stake in Citigroup by 4.4% in the third quarter. Americana Partners LLC now owns 173,154 shares of the company’s stock worth $10,839,000 after purchasing an additional 7,333 shares during the period. Gladstone Institutional Advisory LLC grew its stake in Citigroup by 17.0% in the third quarter. Gladstone Institutional Advisory LLC now owns 13,637 shares of the company’s stock worth $854,000 after purchasing an additional 1,984 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Citigroup by 4.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 38,413 shares of the company’s stock worth $2,405,000 after purchasing an additional 1,643 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in Citigroup by 7.0% during the third quarter. Principal Securities Inc. now owns 39,730 shares of the company’s stock valued at $2,487,000 after buying an additional 2,589 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on C. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Oppenheimer dropped their target price on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Finally, Bank of America increased 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Trading Down 0.7 %

Shares of NYSE:C opened at $63.71 on Monday. Citigroup Inc. has a 52-week low of $39.93 and a 52-week high of $67.81. The stock has a market capitalization of $121.55 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.71 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96. The stock’s 50-day simple moving average is $61.97 and its two-hundred day simple moving average is $62.16.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 5.87 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.52%. Citigroup’s dividend payout ratio (DPR) is presently 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.