4,470 Shares in Citigroup Inc. (NYSE:C) Purchased by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 4,470 shares of the company’s stock, valued at approximately $280,000.

Several other large investors have also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after acquiring an additional 8,593 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after purchasing an additional 23,774 shares in the last quarter. BDF Gestion acquired a new position in shares of Citigroup during the 2nd quarter valued at $3,861,000. New Mexico Educational Retirement Board lifted its holdings in shares of Citigroup by 13.9% in the first quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock valued at $7,300,000 after buying an additional 14,100 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Citigroup by 23.8% during the first quarter. Advisory Services Network LLC now owns 66,509 shares of the company’s stock valued at $4,206,000 after buying an additional 12,795 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on shares of 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 increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Piper Sandler lifted their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Performance

Shares of C opened at $63.19 on Friday. The company has a market capitalization of $120.53 billion, a PE ratio of 17.64, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day moving average price is $61.67 and its 200 day moving average price is $61.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the company posted $1.52 EPS. Citigroup’s revenue was up .9% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

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.