Aljian Capital Management LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Aljian Capital Management LLC bought a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,320 shares of the company's stock, valued at approximately $1,522,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new position in Citigroup in the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup in the third quarter valued at about $28,000. Beacon Capital Management LLC boosted its stake in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock worth $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Citigroup during the second quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new stake in Citigroup during the 2nd quarter valued at approximately $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price target on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Friday. Finally, Oppenheimer lifted their target price on Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

Citigroup Trading Up 0.4 %

NYSE C traded up $0.25 during trading on Monday, hitting $69.01. The stock had a trading volume of 11,519,052 shares, compared to its average volume of 14,446,757. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $70.20. The company has a market capitalization of $130.52 billion, a PE ratio of 20.00, a PEG ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average price of $63.40 and a 200 day moving average price of $62.66.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analysts' expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, equities research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.25%. Citigroup's dividend payout ratio is presently 64.93%.

Citigroup Profile

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.