TTP Investments Inc. Buys 272 Shares of Citigroup Inc. (NYSE:C)

TTP Investments Inc. boosted its stake in shares of Citigroup Inc. (NYSE:C) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,853 shares of the company’s stock after purchasing an additional 272 shares during the quarter. Citigroup comprises 0.1% of TTP Investments Inc.’s holdings, making the stock its 27th largest holding. TTP Investments Inc.’s holdings in Citigroup were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. boosted its position in shares of Citigroup by 355.9% in the 1st quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after purchasing an additional 14,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Citigroup by 13.3% in 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 in the last quarter. Lazard Asset Management LLC grew its stake in shares of Citigroup by 13.4% during the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after acquiring an additional 23,774 shares during the last quarter. BDF Gestion acquired a new position in shares of Citigroup during the second quarter valued at about $3,861,000. Finally, New Mexico Educational Retirement Board raised its position in shares of Citigroup by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock valued at $7,300,000 after purchasing an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE C traded down $2.54 during trading hours on Tuesday, reaching $63.47. The company’s stock had a trading volume of 13,540,470 shares, compared to its average volume of 14,321,066. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The company’s 50-day moving average is $60.85 and its two-hundred day moving average is $61.90. The firm has a market capitalization of $121.07 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 3.53%. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio is currently 62.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. Royal Bank of Canada upped their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Oppenheimer upped their target price on Citigroup from $87.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their price target on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Evercore ISI increased their price objective on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. Finally, Morgan Stanley lifted their target price on Citigroup from $79.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. One 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 company. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $70.33.

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.