11,870 Shares in Citigroup Inc. (NYSE:C) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC acquired a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,870 shares of the company’s stock, valued at approximately $611,000.

A number of other institutional investors also recently modified their holdings of C. Carmel Capital Partners LLC bought a new position in Citigroup in the third quarter valued at about $25,000. Orion Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter valued at about $26,000. AlphaMark Advisors LLC grew its position in shares of Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. OFI Invest Asset Management bought a new stake in shares of Citigroup during the third quarter worth approximately $35,000. Finally, Rakuten Securities Inc. acquired a new position in Citigroup in the fourth quarter valued at approximately $35,000. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.51 during trading on Friday, reaching $61.52. 11,048,877 shares of the company’s stock were exchanged, compared to its average volume of 15,112,875. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90. The company has a market cap of $117.83 billion, a P/E ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49. The firm’s 50-day moving average price is $59.70 and its 200 day moving average price is $52.79.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Analysts Set New Price Targets

A number of brokerages have issued reports on C. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods raised their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price target on shares of Citigroup in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $62.85.

About Citigroup

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.