Citigroup Inc. $C Shares Purchased by Castleark Management LLC

Castleark Management LLC raised its holdings in Citigroup Inc. (NYSE:C) by 103.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,184 shares of the company’s stock after buying an additional 68,120 shares during the quarter. Castleark Management LLC’s holdings in Citigroup were worth $11,422,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of C. Onyx Bridge Wealth Group LLC boosted its stake in Citigroup by 3.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after purchasing an additional 109 shares in the last quarter. Fullcircle Wealth LLC increased its stake in Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Binnacle Investments Inc lifted its stake in shares of Citigroup by 6.5% during the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock worth $157,000 after buying an additional 113 shares during the period. Secure Asset Management LLC grew its holdings in shares of Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares during the last quarter. Finally, Golden State Equity Partners increased its position in shares of Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock valued at $1,842,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cowen reiterated a “hold” rating on shares of Citigroup in a research note on Wednesday. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. UBS Group reiterated a “neutral” rating and issued a $108.00 price target on shares of Citigroup in a report on Monday, November 24th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Citigroup in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price target on shares of Citigroup in a research report on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.47.

Citigroup Stock Up 0.1%

NYSE C opened at $111.82 on Friday. The business’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $94.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The firm has a market cap of $200.07 billion, a PE ratio of 15.70, a P/E/G ratio of 0.55 and a beta of 1.21. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $113.43.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period last year, the business earned $1.51 earnings per share. Citigroup’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio is 33.71%.

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.