Captrust Financial Advisors Purchases 30,299 Shares of Citigroup Inc. (NYSE:C)

Captrust Financial Advisors lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,171 shares of the company's stock after acquiring an additional 30,299 shares during the quarter. Captrust Financial Advisors' holdings in Citigroup were worth $58,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of C. Acadian Asset Management LLC raised its position in shares of Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company's stock valued at $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Caxton Associates LP raised its position in shares of Citigroup by 96.1% during the 2nd quarter. Caxton Associates LP now owns 3,952,428 shares of the company's stock valued at $250,821,000 after acquiring an additional 1,937,038 shares during the last quarter. Legal & General Group Plc raised its position in shares of Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company's stock valued at $1,105,999,000 after acquiring an additional 913,231 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Citigroup by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company's stock valued at $1,813,544,000 after acquiring an additional 911,694 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at $35,038,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Barclays increased their target price on Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Bank of America increased their target price on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $73.00.

Citigroup Stock Performance

NYSE:C traded up $0.71 during mid-day trading on Friday, hitting $70.87. The stock had a trading volume of 8,606,466 shares, compared to its average volume of 14,390,131. Citigroup Inc. has a twelve month low of $45.58 and a twelve month high of $71.19. The stock has a market cap of $134.03 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.44. The company's 50 day simple moving average is $65.30 and its 200 day simple moving average is $63.09. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.16%. Citigroup's dividend payout ratio is currently 64.93%.

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.