Dumont & Blake Investment Advisors LLC Has $505,000 Stock Position in Citigroup Inc. (NYSE:C)

Dumont & Blake Investment Advisors LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 3.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,985 shares of the company’s stock after purchasing an additional 235 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Citigroup were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of C. Tejara Capital Ltd acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $18,768,000. Tower Research Capital LLC TRC lifted its holdings in shares of Citigroup by 30.7% during the third quarter. Tower Research Capital LLC TRC now owns 65,765 shares of the company’s stock valued at $2,705,000 after acquiring an additional 15,434 shares during the period. CWA Asset Management Group LLC boosted its stake in shares of Citigroup by 5.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 13,915 shares of the company’s stock valued at $572,000 after purchasing an additional 689 shares in the last quarter. Sherbrooke Park Advisers LLC grew its holdings in shares of Citigroup by 221.0% in the 3rd quarter. Sherbrooke Park Advisers LLC now owns 22,472 shares of the company’s stock worth $924,000 after purchasing an additional 15,472 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Citigroup by 52.9% during the 3rd quarter. Ancora Advisors LLC now owns 3,615 shares of the company’s stock worth $149,000 after purchasing an additional 1,251 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Royal Bank of Canada increased their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. HSBC lifted their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Citigroup Trading Up 3.1 %

Shares of NYSE C traded up $1.91 during midday trading on Friday, reaching $63.46. 20,053,213 shares of the stock were exchanged, compared to its average volume of 11,738,575. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The business has a 50-day simple moving average of $62.06 and a two-hundred day simple moving average of $57.93. The company has a market capitalization of $121.05 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.97 and a beta of 1.48.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. As a group, equities research analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were issued a $0.53 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.34%. Citigroup’s payout ratio is 62.72%.

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.