Miracle Mile Advisors LLC Has $4.62 Million Holdings in Citigroup Inc. (NYSE:C)

Miracle Mile Advisors LLC boosted its stake in Citigroup Inc. (NYSE:C) by 95.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,639 shares of the company’s stock after purchasing an additional 32,109 shares during the period. Miracle Mile Advisors LLC’s holdings in Citigroup were worth $4,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of C. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 3rd quarter worth about $31,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new position in Citigroup in the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. increased its stake in Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in Citigroup by 69.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on C shares. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Evercore ISI lifted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Bank of America lifted their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Up 2.2 %

C stock traded up $1.54 during midday trading on Monday, reaching $72.94. The company had a trading volume of 16,683,022 shares, compared to its average volume of 14,596,574. The company has a market capitalization of $137.95 billion, a P/E ratio of 21.14, a PEG ratio of 0.80 and a beta of 1.43. The company has a 50 day moving average of $70.19 and a two-hundred day moving average of $65.07. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $74.29.

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. 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 the consensus estimate of $19.86 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.07%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

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.