William B. Walkup & Associates Inc. Purchases New Holdings in Citigroup Inc. (NYSE:C)

William B. Walkup & Associates Inc. bought a new position in Citigroup Inc. (NYSE:C) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,067 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Citigroup by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 77,270 shares of the company’s stock worth $4,904,000 after buying an additional 425 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Citigroup by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 125,696 shares of the company’s stock worth $7,977,000 after acquiring an additional 3,004 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Citigroup by 58.4% in the second quarter. NewEdge Advisors LLC now owns 127,121 shares of the company’s stock worth $8,067,000 after acquiring an additional 46,890 shares during the period. Magnolia Capital Advisors LLC bought a new position in shares of Citigroup in the second quarter worth $3,031,000. Finally, Creative Planning boosted its holdings in shares of Citigroup by 2.9% in the second quarter. Creative Planning now owns 378,990 shares of the company’s stock worth $24,051,000 after acquiring an additional 10,518 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on C shares. Morgan Stanley raised their price target on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada raised their price target on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. The Goldman Sachs Group cut their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Oppenheimer lifted their price objective on Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Citigroup Trading Up 0.3 %

Shares of C stock opened at $61.87 on Monday. 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 business has a 50-day moving average price of $60.85 and a two-hundred day moving average price of $61.67. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81. The firm has a market cap of $118.01 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. Equities analysts anticipate that Citigroup Inc. will post 5.79 EPS for the current fiscal year.

Citigroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were issued a $0.56 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.62%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s payout ratio is currently 62.75%.

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.