JB Capital LLC Acquires 1,130 Shares of Citigroup Inc. (NYSE:C)

JB Capital LLC grew its stake in Citigroup Inc. (NYSE:C) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,504 shares of the company’s stock after purchasing an additional 1,130 shares during the period. JB Capital LLC’s holdings in Citigroup were worth $2,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kornitzer Capital Management Inc. KS grew its stake in Citigroup by 7.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 54,074 shares of the company’s stock worth $3,385,000 after buying an additional 3,529 shares during the last quarter. Jmac Enterprises LLC boosted its holdings in shares of Citigroup by 13.0% in the 3rd quarter. Jmac Enterprises LLC now owns 16,469 shares of the company’s stock worth $1,031,000 after acquiring an additional 1,897 shares in the last quarter. Principal Financial Group Inc. grew its position in Citigroup by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company’s stock worth $233,389,000 after acquiring an additional 383,534 shares during the last quarter. Advisors Management Group Inc. ADV increased its holdings in Citigroup by 6.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 29,982 shares of the company’s stock valued at $1,877,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in Citigroup in the 3rd quarter valued at $532,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Barclays raised their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Argus upped their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Piper Sandler raised their price target on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Bank of America boosted their price objective 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.06.

Citigroup Trading Down 0.4 %

Shares of C stock traded down $0.29 on Thursday, reaching $68.74. The company had a trading volume of 3,213,386 shares, compared to its average volume of 14,366,474. The company has a 50-day moving average of $62.02 and a 200-day moving average of $62.22. Citigroup Inc. has a 12 month low of $41.28 and a 12 month high of $70.09. The stock has a market cap of $131.14 billion, a PE ratio of 20.01, a PEG ratio of 0.71 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted 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. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. Citigroup’s payout ratio is 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.