Jmac Enterprises LLC Buys 1,897 Shares of Citigroup Inc. (NYSE:C)

Jmac Enterprises LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,469 shares of the company’s stock after purchasing an additional 1,897 shares during the quarter. Jmac Enterprises LLC’s holdings in Citigroup were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new position in Citigroup during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the third quarter valued at $28,000. Beacon Capital Management LLC grew 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 worth $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Citigroup in the 2nd quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Citigroup during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Citigroup stock opened at $68.35 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96. The company’s fifty day moving average price is $62.02 and its 200 day moving average price is $62.22. The stock has a market capitalization of $130.40 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.71 and a beta of 1.44. Citigroup Inc. has a 1 year low of $41.28 and a 1 year high of $70.09.

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

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, November 4th. Citigroup’s payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

C has been the topic of several research reports. Barclays raised their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Piper Sandler raised their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Morgan Stanley lowered their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.06.

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.