Beaird Harris Wealth Management LLC Buys 961 Shares of Citigroup Inc. (NYSE:C)

Beaird Harris Wealth Management LLC lifted its position in Citigroup Inc. (NYSE:C) by 160.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,560 shares of the company’s stock after buying an additional 961 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Citigroup were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in C. Triad Wealth Partners LLC acquired a new position in Citigroup during the second quarter worth approximately $32,000. Blue Trust Inc. boosted its stake in shares of Citigroup by 240.6% during the 2nd quarter. Blue Trust Inc. now owns 7,275 shares of the company’s stock worth $460,000 after acquiring an additional 5,139 shares during the period. Gradient Investments LLC increased its holdings in shares of Citigroup by 15.5% during the 2nd quarter. Gradient Investments LLC now owns 6,309 shares of the company’s stock worth $400,000 after acquiring an additional 848 shares during the last quarter. Everpar Advisors LLC raised its stake in Citigroup by 3.5% in the 2nd quarter. Everpar Advisors LLC now owns 5,256 shares of the company’s stock valued at $334,000 after acquiring an additional 180 shares during the period. Finally, OFI Invest Asset Management lifted its holdings in Citigroup by 51.5% during the 2nd quarter. OFI Invest Asset Management now owns 1,068 shares of the company’s stock valued at $63,000 after purchasing an additional 363 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

C has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley lowered their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Barclays upped their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

Citigroup Stock Performance

Shares of Citigroup stock opened at $71.01 on Friday. The company’s 50 day moving average price is $67.28 and its two-hundred day moving average price is $63.65. The firm has a market capitalization of $134.30 billion, a P/E ratio of 20.58, a P/E/G ratio of 0.80 and a beta of 1.45. Citigroup Inc. has a fifty-two week low of $49.17 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted its 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 return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the company earned $1.52 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. Citigroup’s payout ratio is currently 64.93%.

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.