TRUE Private Wealth Advisors grew its holdings in Citigroup Inc (NYSE:C) by 71.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,938 shares of the financial services provider’s stock after purchasing an additional 2,903 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Citigroup were worth $485,000 at the end of the most recent reporting period.

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

C has been the topic of several research analyst reports. Berenberg Bank set a $78.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Monday, June 17th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Bank of America downgraded shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Finally, BMO Capital Markets downgraded shares of Citigroup to a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $79.40.

Shares of NYSE C traded up $0.16 during midday trading on Thursday, reaching $61.57. The company’s stock had a trading volume of 757,834 shares, compared to its average volume of 13,639,416. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The company has a market cap of $145.12 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.76. The stock has a 50 day simple moving average of $69.66.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. During the same period last year, the company earned $1.63 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc will post 7.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.31%. Citigroup’s dividend payout ratio (DPR) is 30.68%.

Citigroup Company Profile

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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