Lehman & Derafelo Financial Resources LLC grew its holdings in Citigroup Inc (NYSE:C) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,791 shares of the financial services provider’s stock after purchasing an additional 695 shares during the period. Lehman & Derafelo Financial Resources LLC’s holdings in Citigroup were worth $296,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hoylecohen LLC lifted its position in Citigroup by 0.8% during the second quarter. Hoylecohen LLC now owns 28,207 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 210 shares in the last quarter. Washington Trust Bank grew its stake in shares of Citigroup by 1.4% during the second quarter. Washington Trust Bank now owns 15,565 shares of the financial services provider’s stock valued at $795,000 after buying an additional 222 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Citigroup by 0.4% during the first quarter. Cetera Advisors LLC now owns 57,143 shares of the financial services provider’s stock valued at $2,407,000 after buying an additional 236 shares during the last quarter. Allworth Financial LP grew its stake in shares of Citigroup by 5.4% during the second quarter. Allworth Financial LP now owns 4,578 shares of the financial services provider’s stock valued at $234,000 after buying an additional 236 shares during the last quarter. Finally, Column Capital Advisors LLC grew its stake in shares of Citigroup by 16.0% during the first quarter. Column Capital Advisors LLC now owns 1,715 shares of the financial services provider’s stock valued at $72,000 after buying an additional 237 shares during the last quarter. 77.29% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Citigroup in a research note on Sunday, April 19th. Societe Generale raised Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Odeon Capital Group cut Citigroup from a “buy” rating to a “hold” rating and set a $59.00 target price on the stock. in a research note on Friday, July 17th. Oppenheimer lowered their price target on Citigroup from $106.00 to $101.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, BMO Capital Markets boosted their price target on Citigroup from $82.00 to $87.00 in a report on Wednesday, July 15th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus price target of $74.03.

C stock traded down $0.35 during midday trading on Friday, hitting $50.01. The company’s stock had a trading volume of 22,488,389 shares, compared to its average volume of 20,471,188. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. Citigroup Inc has a 52-week low of $32.00 and a 52-week high of $83.11. The firm has a market capitalization of $105.90 billion, a P/E ratio of 8.67, a PEG ratio of 1.49 and a beta of 1.82. The firm has a 50-day simple moving average of $51.41 and a 200-day simple moving average of $55.63.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.06 billion. Citigroup had a net margin of 13.64% and a return on equity of 7.40%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. On average, sell-side analysts expect that Citigroup Inc will post 3.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.51 per share. The ex-dividend date is Friday, July 31st. This represents a $2.04 annualized dividend and a dividend yield of 4.08%. Citigroup’s dividend payout ratio (DPR) is currently 26.91%.

Citigroup 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).

Further Reading: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.