First Horizon Advisors Inc. Buys 11,746 Shares of Citigroup Inc. (NYSE:C)

First Horizon Advisors Inc. increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,629 shares of the company's stock after purchasing an additional 11,746 shares during the period. First Horizon Advisors Inc.'s holdings in Citigroup were worth $20,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Citigroup by 123.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock valued at $2,005,749,000 after buying an additional 17,525,484 shares during the period. Bank of New York Mellon Corp increased its position in shares of Citigroup by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company's stock worth $1,904,262,000 after acquiring an additional 250,716 shares in the last quarter. Legal & General Group Plc increased its holdings in Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company's stock worth $1,105,999,000 after purchasing an additional 913,231 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in Citigroup by 1.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company's stock valued at $1,056,900,000 after acquiring an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Citigroup by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company's stock valued at $590,106,000 after buying an additional 168,070 shares during the period. Institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America upped their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. The Goldman Sachs Group cut their target price on Citigroup from $75.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Oppenheimer boosted their target price on Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

Citigroup Stock Performance

NYSE:C traded down $0.32 during trading hours on Wednesday, reaching $68.28. 10,457,732 shares of the stock were exchanged, compared to its average volume of 14,429,116. Citigroup Inc. has a 52 week low of $44.56 and a 52 week high of $70.20. The firm has a 50 day simple moving average of $63.62 and a 200-day simple moving average of $62.71. 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 stock has a market capitalization of $129.14 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.77 and a beta of 1.44.

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

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup's dividend payout ratio is 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.