Citigroup Inc. (NYSE:C) Shares Purchased by Black Swift Group LLC

Black Swift Group LLC grew its position in shares of Citigroup Inc. (NYSE:CFree Report) by 60.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,500 shares of the company’s stock after purchasing an additional 3,585 shares during the quarter. Black Swift Group LLC’s holdings in Citigroup were worth $595,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in C. Envestnet Portfolio Solutions Inc. grew its holdings in Citigroup by 13.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the period. Lazard Asset Management LLC increased its stake in shares of Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after purchasing an additional 23,774 shares in the last quarter. BDF Gestion purchased a new position in Citigroup during the second quarter worth $3,861,000. Chesley Taft & Associates LLC acquired a new position in shares of Citigroup in the second quarter worth $735,000. Finally, Summit Global Investments boosted its stake in shares of Citigroup by 289.5% during the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock worth $1,918,000 after purchasing an additional 22,774 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on C shares. Barclays increased their price target on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Oppenheimer lifted their price objective on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted 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. Finally, The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One 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.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $72.06.

Get Our Latest Research Report on Citigroup

Citigroup Price Performance

C traded up $0.09 during midday trading on Thursday, reaching $68.98. 287,205 shares of the company’s stock were exchanged, compared to its average volume of 14,389,050. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The firm has a market capitalization of $130.46 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The business has a 50-day simple moving average of $62.87 and a two-hundred day simple moving average of $62.51. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:CGet Free Report) last announced its earnings results 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 company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.25%. Citigroup’s dividend payout ratio is currently 64.93%.

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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