Childress Capital Advisors LLC Boosts Stock Holdings in Citigroup Inc. (NYSE:C)

Childress Capital Advisors LLC boosted its stake in shares of Citigroup Inc. (NYSE:CGet Rating) by 28.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,099 shares of the company’s stock after purchasing an additional 1,363 shares during the period. Childress Capital Advisors LLC’s holdings in Citigroup were worth $326,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New England Professional Planning Group Inc. acquired a new stake in shares of Citigroup in the first quarter worth $227,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Citigroup during the 4th quarter valued at $31,000. Valley Forge Investment Consultants Inc. ADV grew its holdings in Citigroup by 98.1% during the 4th quarter. Valley Forge Investment Consultants Inc. ADV now owns 535 shares of the company’s stock valued at $32,000 after purchasing an additional 265 shares in the last quarter. Curi Wealth Management LLC acquired a new stake in Citigroup during the 4th quarter valued at $34,000. Finally, Sandy Cove Advisors LLC acquired a new stake in Citigroup during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on C shares. Morgan Stanley lowered their price target on shares of Citigroup from $57.00 to $46.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Jefferies Financial Group reduced their price objective on shares of Citigroup from $54.00 to $48.00 in a research note on Monday, July 11th. UBS Group increased their price objective on shares of Citigroup from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 18th. Piper Sandler reduced their price objective on shares of Citigroup from $70.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Finally, Oppenheimer increased their price objective on shares of Citigroup from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.95.

Citigroup Stock Performance

Shares of C opened at $53.60 on Wednesday. The firm’s 50 day moving average is $49.35 and its 200-day moving average is $53.38. The stock has a market capitalization of $103.81 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.67 and a beta of 1.60. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.93. Citigroup Inc. has a 12-month low of $43.44 and a 12-month high of $73.90.

Citigroup (NYSE:CGet Rating) last announced its quarterly earnings data on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.63. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $18.32 billion. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 EPS. Equities research analysts anticipate that Citigroup Inc. will post 7.24 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, July 29th. Citigroup’s dividend payout ratio (DPR) is currently 26.09%.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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