Captrust Financial Advisors Lowers Stock Position in Citigroup Inc. (NYSE:C)

Captrust Financial Advisors cut its stake in shares of Citigroup Inc. (NYSE:C) by 0.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 865,971 shares of the company’s stock after selling 6,132 shares during the quarter. Captrust Financial Advisors’ holdings in Citigroup were worth $54,764,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $29,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after acquiring an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Citigroup during the 4th quarter valued at $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.5 %

Shares of Citigroup stock traded up $0.98 during trading on Tuesday, reaching $65.28. The company had a trading volume of 6,330,488 shares, compared to its average volume of 14,779,611. The company has a market cap of $124.52 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.70 and a beta of 1.46. The firm’s fifty day moving average is $63.08 and its 200-day moving average is $59.95. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.95 and a current ratio of 0.94. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Citigroup Inc. will post 5.84 EPS for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is currently 59.38%.

Analysts Set New Price Targets

Several research firms recently weighed in on C. BMO Capital Markets lifted their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Royal Bank of Canada boosted their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Morgan Stanley boosted their price objective on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI boosted their price objective on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.06.

Citigroup 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.