J.W. Cole Advisors Inc. Purchases 394 Shares of Citigroup Inc. (NYSE:C)

J.W. Cole Advisors Inc. boosted its stake in shares of Citigroup Inc. (NYSE:CGet Rating) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,512 shares of the company’s stock after buying an additional 394 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Citigroup were worth $722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New England Professional Planning Group Inc. bought a new stake in shares of Citigroup in the 1st quarter valued at about $227,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Citigroup in the 4th quarter worth approximately $31,000. Nvwm LLC grew its position in shares of Citigroup by 196.3% in the 1st quarter. Nvwm LLC now owns 554 shares of the company’s stock worth $30,000 after buying an additional 367 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Citigroup by 58.0% in the 4th quarter. Bell Investment Advisors Inc now owns 583 shares of the company’s stock worth $35,000 after buying an additional 214 shares during the last quarter. Finally, Rational Advisors LLC grew its position in shares of Citigroup by 71.1% in the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock worth $32,000 after buying an additional 246 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $48.11 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $50.65 and a two-hundred day moving average of $50.99. The stock has a market capitalization of $93.18 billion, a PE ratio of 6.15, a P/E/G ratio of 0.58 and a beta of 1.60. Citigroup Inc. has a fifty-two week low of $43.44 and a fifty-two week high of $73.72.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings data on Friday, July 15th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.63. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The company had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $18.32 billion. During the same period in the prior year, the business posted $2.84 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts forecast that Citigroup Inc. will post 7.37 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Friday, July 29th. Citigroup’s payout ratio is 26.09%.

Insider Transactions at Citigroup

In other news, insider Citigroup Inc sold 4,614,358 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the completion of the sale, the insider now owns 15,318 shares of the company’s stock, valued at $555,277.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

C has been the topic of a number of analyst reports. Seaport Res Ptn reaffirmed a “buy” rating on shares of Citigroup in a research report on Friday, July 8th. TheStreet downgraded shares of Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. Credit Suisse Group dropped their target price on shares of Citigroup from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Citigroup from $55.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, September 12th. Finally, Barclays dropped their target price on shares of Citigroup from $67.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.19.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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