8,502 Shares in Citigroup Inc. (NYSE:C) Acquired by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Citigroup Inc. (NYSE:C) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,502 shares of the company’s stock, valued at approximately $532,000.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares during the last quarter. Swedbank AB bought a new position in shares of Citigroup in the first quarter valued at about $253,286,000. Acadian Asset Management LLC grew its holdings in Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Caxton Associates LP grew its holdings in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after acquiring an additional 1,988,494 shares during the last quarter. Finally, Capital World Investors increased its position in Citigroup by 26.1% in the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock valued at $333,929,000 after acquiring an additional 1,092,980 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on C. Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Finally, Piper Sandler boosted their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.06.

Citigroup Stock Up 8.4 %

Shares of Citigroup stock opened at $69.03 on Thursday. Citigroup Inc. has a 1 year low of $41.28 and a 1 year high of $70.09. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94. The company has a market capitalization of $131.70 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The business has a 50-day moving average of $62.02 and a two-hundred day moving average of $62.22.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. As a group, equities analysts predict that Citigroup Inc. will post 5.87 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.