Prime Capital Investment Advisors LLC Buys 1,431 Shares of Citigroup Inc. (NYSE:C)

Prime Capital Investment Advisors LLC lifted its stake in Citigroup Inc. (NYSE:C) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,784 shares of the company’s stock after acquiring an additional 1,431 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Citigroup were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. HBK Sorce Advisory LLC lifted its holdings in Citigroup by 31.8% in the first quarter. HBK Sorce Advisory LLC now owns 9,443 shares of the company’s stock valued at $597,000 after acquiring an additional 2,278 shares during the period. Blair William & Co. IL lifted its stake in shares of Citigroup by 0.7% in the 1st quarter. Blair William & Co. IL now owns 146,149 shares of the company’s stock worth $9,242,000 after purchasing an additional 1,074 shares during the period. Homestead Advisers Corp boosted its holdings in shares of Citigroup by 93.8% in the first quarter. Homestead Advisers Corp now owns 793,185 shares of the company’s stock worth $50,085,000 after buying an additional 384,000 shares during the last quarter. M&G Plc purchased a new position in shares of Citigroup in the first quarter worth approximately $31,821,000. Finally, Poehling Capital Management INC. grew its position in Citigroup by 1.5% during the first quarter. Poehling Capital Management INC. now owns 61,860 shares of the company’s stock valued at $3,912,000 after buying an additional 932 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE C opened at $68.13 on Friday. The firm’s fifty day moving average is $62.87 and its two-hundred day moving average is $62.51. Citigroup Inc. has a 52-week low of $44.32 and a 52-week high of $70.20. The company has a market cap of $128.85 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 dividend yield of 3.29%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on C. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price target on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.