Lifestyle Asset Management Inc. Buys 160 Shares of Citigroup Inc. (NYSE:C)

Lifestyle Asset Management Inc. increased its position in Citigroup Inc. (NYSE:C) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the company’s stock after buying an additional 160 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Citigroup were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Harbor Wealth Advisors Inc. increased its holdings in shares of Citigroup by 1.3% in the third quarter. Beacon Harbor Wealth Advisors Inc. now owns 113,021 shares of the company’s stock worth $7,075,000 after buying an additional 1,412 shares during the period. Portside Wealth Group LLC raised its holdings in shares of Citigroup by 13.0% during the third quarter. Portside Wealth Group LLC now owns 17,371 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,992 shares in the last quarter. JB Capital LLC lifted its stake in Citigroup by 2.5% in the third quarter. JB Capital LLC now owns 46,504 shares of the company’s stock worth $2,911,000 after acquiring an additional 1,130 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in Citigroup by 7.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 54,074 shares of the company’s stock valued at $3,385,000 after acquiring an additional 3,529 shares in the last quarter. Finally, Jmac Enterprises LLC increased its position in Citigroup by 13.0% during the 3rd quarter. Jmac Enterprises LLC now owns 16,469 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,897 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on C shares. BMO Capital Markets lifted their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Argus increased their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.06.

Citigroup Stock Down 1.4 %

NYSE C opened at $68.09 on Friday. The company has a market capitalization of $129.90 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. Citigroup Inc. has a 52 week low of $41.28 and a 52 week high of $70.09. The stock’s 50-day moving average price is $62.17 and its 200-day moving average price is $62.27. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping 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 firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared 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. This represents a $2.24 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, November 4th. 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.