Herold Advisors Inc. Increases Stock Holdings in Citigroup Inc. (NYSE:C)

Herold Advisors Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,986 shares of the company’s stock after buying an additional 350 shares during the period. Herold Advisors Inc.’s holdings in Citigroup were worth $514,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of C. Carmel Capital Partners LLC purchased a new position in shares of Citigroup during the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. boosted its position in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the last quarter. AlphaMark Advisors LLC grew its stake 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 during the period. OFI Invest Asset Management purchased a new stake in shares of Citigroup during the 3rd quarter valued at $35,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Citigroup during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group lifted their price target on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Oppenheimer decreased their target price on Citigroup from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Finally, Barclays raised their target price on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.91.

Citigroup Stock Performance

Shares of NYSE C traded up $0.85 during mid-day trading on Friday, hitting $62.64. The company had a trading volume of 16,361,218 shares, compared to its average volume of 17,024,633. The company has a market capitalization of $119.97 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.94 and a beta of 1.52. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $63.90. 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’s 50-day moving average price is $59.09 and its 200-day moving average price is $51.92.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. On average, sell-side analysts forecast that Citigroup Inc. will post 5.97 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is 62.72%.

Citigroup Company 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.