Kavar Capital Partners LLC purchased a new stake in Citigroup Inc (NYSE:C) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,180 shares of the financial services provider’s stock, valued at approximately $223,000.

Other hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in Citigroup in the 1st quarter valued at approximately $27,000. Personal Wealth Partners purchased a new position in Citigroup in the 2nd quarter valued at approximately $27,000. Harvest Group Wealth Management LLC purchased a new position in Citigroup in the 1st quarter valued at approximately $28,000. Centaurus Financial Inc. boosted its position in Citigroup by 95.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after buying an additional 835 shares during the period. Finally, Mcmillion Capital Management Inc. purchased a new position in Citigroup in the 2nd quarter valued at approximately $31,000. 77.65% of the stock is owned by institutional investors.

NYSE:C traded up $0.09 during midday trading on Thursday, hitting $61.50. 826,373 shares of the company were exchanged, compared to its average volume of 13,639,416. The stock has a fifty day moving average of $69.66. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $145.12 billion, a P/E ratio of 9.25, a PEG ratio of 0.70 and a beta of 1.76.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The firm had revenue of $18.76 billion for the quarter, compared to analyst estimates of $18.49 billion. During the same period last year, the business earned $1.63 EPS. Citigroup’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 5th will be paid a dividend of $0.51 per share. This is a positive change from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, August 2nd. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.

C has been the topic of a number of analyst reports. Bank of America lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price objective on the stock in a report on Thursday, May 30th. Finally, ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.40.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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