Blake Schutter Theil Wealth Advisors LLC Buys New Shares in Citigroup Inc. (NYSE:C)

Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, Holdings Channel reports. The fund purchased 8,502 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds also recently modified their holdings of C. Price T Rowe Associates Inc. MD raised its position in Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares in the last quarter. Swedbank AB acquired a new stake in Citigroup during the first quarter worth approximately $253,286,000. Acadian Asset Management LLC boosted its stake in Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after purchasing an additional 2,100,135 shares during the period. Caxton Associates LP increased its position in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after buying an additional 1,988,494 shares during the period. Finally, Capital World Investors boosted its position in shares of Citigroup by 26.1% in the first quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock valued at $333,929,000 after acquiring an additional 1,092,980 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

C stock opened at $69.03 on Thursday. The stock has a market cap of $131.70 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 0.71 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. The company has a 50 day simple moving average of $62.02 and a 200 day simple moving average of $62.22. Citigroup Inc. has a 1 year low of $41.28 and a 1 year high of $70.09.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $19.86 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts anticipate that Citigroup Inc. will post 5.87 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on C. Evercore ISI raised their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Argus lifted their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Oppenheimer raised their price objective on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays upped their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America raised their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.06.

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.