Brookstone Capital Management Buys 27,856 Shares of Citigroup Inc. (NYSE:C)

Brookstone Capital Management boosted its stake in shares of Citigroup Inc. (NYSE:C) by 340.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,034 shares of the company’s stock after acquiring an additional 27,856 shares during the period. Brookstone Capital Management’s holdings in Citigroup were worth $2,536,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup during the 2nd quarter worth $31,000. Legacy Investment Solutions LLC acquired a new position in Citigroup in the 3rd quarter worth about $31,000. GHP Investment Advisors Inc. grew its holdings in shares of Citigroup by 184.0% during the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Citigroup by 69.3% in the third quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after buying an additional 260 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE C opened at $73.59 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $70.60 and a 200 day simple moving average of $65.22. Citigroup Inc. has a 12-month low of $50.51 and a 12-month high of $74.29. The company has a market cap of $139.18 billion, a P/E ratio of 21.33, a PEG ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.04%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on C shares. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Oppenheimer dropped their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

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.