Crestwood Advisors Group LLC Purchases 221 Shares of Citigroup Inc. (NYSE:C)

Crestwood Advisors Group LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 9,558 shares of the company’s stock after buying an additional 221 shares during the period. Crestwood Advisors Group LLC’s holdings in Citigroup were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. POM Investment Strategies LLC purchased a new stake in shares of Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the third quarter worth about $28,000. Beacon Capital Management LLC raised its holdings in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup during the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 8.4 %

Shares of Citigroup stock opened at $69.03 on Thursday. The stock has a market cap of $131.70 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The firm has a fifty day moving average price of $62.02 and a 200 day moving average price of $62.22. Citigroup Inc. has a 1 year low of $41.28 and a 1 year high of $70.09. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on C. Evercore ISI raised their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Barclays raised their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America upped their target price on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Argus raised their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.06.

About Citigroup

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.