CreativeOne Wealth LLC Acquires 6,262 Shares of Citigroup Inc. (NYSE:C)

CreativeOne Wealth LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 122.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,385 shares of the company’s stock after purchasing an additional 6,262 shares during the quarter. CreativeOne Wealth LLC’s holdings in Citigroup were worth $719,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in Citigroup during the 4th quarter valued at about $29,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Citigroup during the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Citigroup in the fourth quarter worth $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 1.3 %

Shares of C traded up $0.81 during mid-day trading on Friday, hitting $65.18. 9,661,252 shares of the company’s stock traded hands, compared to its average volume of 13,410,551. The business’s 50-day moving average price is $63.06 and its 200-day moving average price is $59.77. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The firm has a market capitalization of $124.33 billion, a P/E ratio of 18.26, a PEG ratio of 0.70 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.84 EPS for the current fiscal year.

Citigroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, August 5th. This represents a $2.24 annualized dividend and a yield of 3.44%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is currently 59.38%.

Wall Street Analyst Weigh In

C has been the subject of several recent analyst reports. Royal Bank of Canada boosted their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Argus lifted their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. Oppenheimer boosted their price objective on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group upped their price target on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.25.

Citigroup Company 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.