DCF Advisers LLC Raises Position in Citigroup Inc. (NYSE:C)

DCF Advisers LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 93.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,000 shares of the company’s stock after buying an additional 6,750 shares during the period. DCF Advisers LLC’s holdings in Citigroup were worth $888,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC lifted its position in shares of Citigroup by 215.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock worth $800,000 after buying an additional 10,632 shares in the last quarter. ING Groep NV bought a new stake in Citigroup during the fourth quarter worth $226,000. Gladstone Institutional Advisory LLC boosted its position in Citigroup by 23.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 12,684 shares of the company’s stock worth $652,000 after purchasing an additional 2,388 shares during the last quarter. Corient Private Wealth LLC boosted its position in Citigroup by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 398,801 shares of the company’s stock worth $20,514,000 after purchasing an additional 7,139 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in Citigroup in the 4th quarter valued at $264,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 5.2 %

Shares of NYSE C opened at $63.02 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market cap of $120.21 billion, a P/E ratio of 17.65, a P/E/G ratio of 0.62 and a beta of 1.45. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The business has a 50-day simple moving average of $61.40 and a two-hundred day simple moving average of $61.41.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. Research analysts anticipate that Citigroup Inc. will post 5.81 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm 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 yield of 3.55%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s payout ratio is presently 62.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on C shares. Royal Bank of Canada boosted their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Morgan Stanley boosted their target price on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Evercore ISI raised their price target on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. BMO Capital Markets upped their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Finally, Keefe, Bruyette & Woods raised their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price 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.