Savvy Advisors Inc. Has $686,000 Position in Citigroup Inc. (NYSE:C)

Savvy Advisors Inc. boosted its position in shares of Citigroup Inc. (NYSE:C) by 33.7% in the third quarter, Holdings Channel reports. The firm owned 10,956 shares of the company’s stock after purchasing an additional 2,764 shares during the period. Savvy Advisors Inc.’s holdings in Citigroup were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of C. POM Investment Strategies LLC acquired a new position in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the third quarter valued at approximately $28,000. Beacon Capital Management LLC boosted its holdings in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup in the second quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on C. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Bank of America upped their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley reduced their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.06.

Citigroup Stock Performance

NYSE C opened at $69.05 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55. The firm’s fifty day moving average price is $62.56 and its two-hundred day moving average price is $62.42. Citigroup Inc. has a 1 year low of $41.93 and a 1 year high of $70.20. The firm has a market capitalization of $131.73 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s payout ratio 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.