Allen Capital Group LLC Acquires New Stake in Citigroup Inc. (NYSE:C)

Allen Capital Group LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, Holdings Channel reports. The firm bought 4,781 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the third quarter valued at $25,000. SkyView Investment Advisors LLC purchased a new stake in Citigroup during the 1st quarter worth about $28,000. GHP Investment Advisors Inc. raised its position in Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. AlphaMark Advisors LLC raised its position in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup in the 4th quarter valued at about $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on C. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and raised their target price for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Barclays boosted their target price on shares of Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, BMO Capital Markets cut Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Price Performance

Shares of NYSE C opened at $57.02 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a market cap of $109.21 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.92 and a beta of 1.52. The stock has a 50 day moving average of $58.04 and a two-hundred day moving average of $50.93. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $63.90.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 5.73 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.72%. Citigroup’s dividend payout ratio (DPR) is 62.72%.

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.