Aptus Capital Advisors LLC Has $10.11 Million Stock Position in Citigroup Inc. (NYSE:C)

Aptus Capital Advisors LLC grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 20.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,538 shares of the company's stock after buying an additional 27,512 shares during the period. Aptus Capital Advisors LLC's holdings in Citigroup were worth $10,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares in the last quarter. Swedbank AB bought a new position in shares of Citigroup during the 1st quarter valued at about $253,286,000. Acadian Asset Management LLC grew its position in shares of Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company's stock valued at $158,521,000 after purchasing an additional 2,100,135 shares during the period. Caxton Associates LP increased its stake in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company's stock worth $127,453,000 after purchasing an additional 1,988,494 shares in the last quarter. Finally, Capital World Investors raised its holdings in Citigroup by 26.1% during the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company's stock worth $333,929,000 after buying an additional 1,092,980 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 0.2 %

Shares of NYSE:C traded down $0.13 during midday trading on Wednesday, hitting $68.89. 10,457,588 shares of the stock were exchanged, compared to its average volume of 14,453,146. The business's 50-day moving average price is $62.71 and its 200 day moving average price is $62.46. Citigroup Inc. has a 12 month low of $43.10 and a 12 month high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $130.29 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.25%. Citigroup's payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on C shares. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Evercore ISI raised their price target on Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Finally, Oppenheimer lifted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $72.06.

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.