Boyd Watterson Asset Management LLC OH Has $1.73 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 79.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,571 shares of the company’s stock after buying an additional 12,210 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Citigroup were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. POM Investment Strategies LLC acquired a new stake in shares of Citigroup during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the third quarter worth $28,000. Beacon Capital Management LLC boosted its position in 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 purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Citigroup in the second quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new position in Citigroup in the 2nd quarter worth about $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on C shares. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Oppenheimer reduced their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. Finally, Piper Sandler increased their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Stock Performance

NYSE:C opened at $63.26 on Thursday. 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 firm’s 50-day moving average is $61.54 and its 200-day moving average is $61.94. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The company has a market cap of $120.66 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.74 and a beta of 1.44.

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 return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 3.54%. Citigroup’s dividend 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.