Citigroup Inc. (NYSE:C) Stake Increased by Brooklyn Investment Group

Brooklyn Investment Group increased its stake in Citigroup Inc. (NYSE:C) by 39.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,871 shares of the company’s stock after buying an additional 1,658 shares during the period. Brooklyn Investment Group’s holdings in Citigroup were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the third quarter valued at $28,000. Beacon Capital Management LLC boosted its holdings in shares of Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the second quarter valued at $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup during the second quarter valued at $32,000. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on C shares. Bank of America boosted their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Barclays upped their price objective on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Evercore ISI upped their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Price Performance

Shares of C opened at $69.74 on Wednesday. The company has a market capitalization of $131.90 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $71.19. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $64.77 and its 200-day moving average is $62.94.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. Equities research analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. Citigroup’s payout ratio is 64.93%.

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.