WCG Wealth Advisors LLC Purchases New Holdings in Citigroup Inc. (NYSE:C)

WCG Wealth Advisors LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,492 shares of the company's stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted 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 buying an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Citigroup by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company's stock worth $1,881,805,000 after acquiring an additional 4,620,867 shares in the last quarter. Swedbank AB acquired a new position in shares of Citigroup in the 1st quarter worth $253,286,000. Acadian Asset Management LLC grew its holdings 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 worth $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Finally, Caxton Associates LP raised its position in shares of Citigroup by 7,393.3% during the first 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 during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of NYSE C traded down $0.91 during trading hours on Friday, hitting $62.11. 18,331,351 shares of the stock were exchanged, compared to its average volume of 14,648,433. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The company's 50 day moving average is $61.30 and its 200 day moving average is $61.46. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $118.47 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.62 and a beta of 1.45.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.13. The company had revenue of $20.14 billion during the quarter, compared to analysts' expectations of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. On average, research analysts expect that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were given a $0.56 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Monday, August 5th. Citigroup's payout ratio is currently 62.75%.

Analyst Upgrades and Downgrades

C has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $66.00 to $69.00 and gave the stock a "market perform" rating in a report on Thursday, June 20th. Morgan Stanley increased their target price on Citigroup from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, July 30th. Evercore ISI lifted their price target on Citigroup from $60.00 to $62.00 and gave the company an "in-line" rating in a report on Wednesday, July 3rd. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the stock an "outperform" rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.25.

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.