Dearborn Partners LLC Purchases New Holdings in Citigroup Inc. (NYSE:C)

Dearborn Partners LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,115 shares of the company’s stock, valued at approximately $445,000.

Other institutional investors also recently made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in Citigroup in the second quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC grew its position in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup during the 2nd quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC bought a new position in Citigroup during the second quarter worth $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on C. Bank of America boosted 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. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Oppenheimer lifted their target price on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Evercore ISI increased their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Performance

Shares of C stock opened at $68.76 on Friday. The stock’s fifty day simple moving average is $63.21 and its 200-day simple moving average is $62.59. The company has a market capitalization of $130.04 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 1-year low of $44.32 and a 1-year high of $70.20.

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 4.70% and a return on equity of 6.19%. 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. On average, sell-side analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

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.