Clarius Group LLC Decreases Stock Position in Citigroup Inc. (NYSE:C)

Clarius Group LLC lowered its stake in Citigroup Inc. (NYSE:C) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,970 shares of the company’s stock after selling 235 shares during the quarter. Clarius Group LLC’s holdings in Citigroup were worth $624,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of C. POM Investment Strategies LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $25,000. Beacon Capital Management LLC raised its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $31,000. Triad Wealth Partners LLC purchased a new stake in shares of Citigroup during the 2nd quarter valued at about $32,000. Finally, Capital Advisors Ltd. LLC raised its position in Citigroup by 93.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock worth $36,000 after purchasing an additional 276 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on C shares. BMO Capital Markets increased their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Piper Sandler increased their price objective on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Royal Bank of Canada upped their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Morgan Stanley upped their target price on shares of Citigroup from $79.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Argus upped their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.33.

Citigroup Trading Up 3.6 %

NYSE:C opened at $65.74 on Friday. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The firm has a 50 day moving average of $60.66 and a 200 day moving average of $61.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $125.42 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 EPS 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 company had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Citigroup’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a $0.56 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

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.