IFP Advisors Inc grew its stake in shares of Citigroup Inc. (NYSE:C) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,435 shares of the financial services provider’s stock after acquiring an additional 3,284 shares during the quarter. IFP Advisors Inc’s holdings in Citigroup were worth $3,669,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Catamount Wealth Management bought a new stake in Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares in the last quarter. Balentine LLC increased its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in Citigroup in the 2nd quarter worth about $123,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Shares of Citigroup Inc. (NYSE C) opened at $74.77 on Monday. The stock has a market capitalization of $197,692.02, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. Citigroup Inc. has a 52 week low of $55.23 and a 52 week high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. equities research analysts anticipate that Citigroup Inc. will post 5.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a dividend of $0.32 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. Citigroup’s payout ratio is currently 24.66%.

Several equities research analysts recently commented on C shares. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley lifted their price objective on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $76.54.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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