Citigroup Inc. (NYSE:C) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. increased its holdings in shares of Citigroup Inc. (NYSE:C) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,668 shares of the company’s stock after purchasing an additional 372 shares during the period. Financial Counselors Inc.’s holdings in Citigroup were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in Citigroup by 11.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 7,804 shares of the company’s stock worth $495,000 after buying an additional 831 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Citigroup in the second quarter worth about $109,000. Trust Co. of Toledo NA OH lifted its stake in shares of Citigroup by 22.9% in the second quarter. Trust Co. of Toledo NA OH now owns 14,758 shares of the company’s stock worth $937,000 after acquiring an additional 2,748 shares in the last quarter. Mather Group LLC. grew its stake in Citigroup by 88.5% during the 2nd quarter. Mather Group LLC. now owns 5,622 shares of the company’s stock valued at $356,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in Citigroup by 1.4% during the 2nd quarter. Fulton Bank N.A. now owns 13,984 shares of the company’s stock worth $887,000 after purchasing an additional 187 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Barclays upped their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Trading Up 1.0 %

Shares of NYSE:C opened at $70.87 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The company’s 50-day moving average price is $65.30 and its 200 day moving average price is $63.08. The company has a market cap of $134.03 billion, a PE ratio of 20.54, a P/E/G ratio of 0.79 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $45.58 and a fifty-two week high of $71.19.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for 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%. Citigroup’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 3.16%. Citigroup’s dividend payout ratio (DPR) is presently 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.