Citigroup Inc. (NYSE:C) Shares Purchased by Brinker Capital Investments LLC

Brinker Capital Investments LLC boosted its holdings in Citigroup Inc. (NYSE:CGet Rating) by 8.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,372 shares of the company’s stock after acquiring an additional 1,523 shares during the period. Brinker Capital Investments LLC’s holdings in Citigroup were worth $849,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. McClarren Financial Advisors Inc. acquired a new position in Citigroup during the third quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Citigroup during the third quarter worth $28,000. McIlrath & Eck LLC lifted its stake in Citigroup by 96.6% during the third quarter. McIlrath & Eck LLC now owns 814 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares in the last quarter. Citizens National Bank Trust Department lifted its stake in Citigroup by 169.0% during the second quarter. Citizens National Bank Trust Department now owns 780 shares of the company’s stock worth $36,000 after purchasing an additional 490 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Citigroup during the second quarter worth $37,000. 70.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

C has been the topic of a number of research reports. The Goldman Sachs Group cut Citigroup from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $54.00 to $47.00 in a research note on Monday, October 3rd. Barclays upped their price objective on Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Piper Sandler upped their price objective on Citigroup from $47.00 to $51.00 in a research report on Tuesday, January 17th. Bank of America upped their price objective on Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, January 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Citigroup from $52.00 to $46.00 in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.42.

Citigroup Stock Performance

Shares of C stock opened at $51.09 on Monday. The stock’s 50-day moving average is $46.94 and its two-hundred day moving average is $47.53. The firm has a market cap of $98.95 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.68 and a beta of 1.56. Citigroup Inc. has a 1 year low of $40.01 and a 1 year high of $69.11. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.93 and a current ratio of 0.94.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Monday, February 6th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, February 3rd. Citigroup’s payout ratio is 29.14%.

Citigroup Company Profile

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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