Mark Sheptoff Financial Planning LLC Acquires 185 Shares of Citigroup Inc. (NYSE:C)

Mark Sheptoff Financial Planning LLC raised its holdings in Citigroup Inc. (NYSE:C) by 37.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 680 shares of the company’s stock after acquiring an additional 185 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Citigroup were worth $43,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD boosted its holdings in Citigroup by 123.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Citigroup by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock valued at $1,881,805,000 after acquiring an additional 4,620,867 shares during the last quarter. Swedbank AB bought a new position in shares of Citigroup in the 1st quarter valued at approximately $253,286,000. Acadian Asset Management LLC lifted its holdings in Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after purchasing an additional 2,100,135 shares during the last quarter. Finally, Caxton Associates LP boosted its position in Citigroup by 7,393.3% during the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after purchasing an additional 1,988,494 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 1.0 %

C opened at $59.89 on Thursday. The company has a market capitalization of $114.24 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s fifty day moving average price is $61.40 and its two-hundred day moving average price is $61.41. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the business earned $1.37 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research report on Wednesday, July 3rd. Oppenheimer lifted their target price on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group dropped their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

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.