Pathway Financial Advisers LLC Acquires 9,873 Shares of Citigroup Inc. (NYSE:C)

Pathway Financial Advisers LLC raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 6,170.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,033 shares of the company's stock after buying an additional 9,873 shares during the quarter. Pathway Financial Advisers LLC's holdings in Citigroup were worth $628,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of C. POM Investment Strategies LLC purchased a new position in Citigroup in the second quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the 3rd quarter valued at about $28,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company's stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC purchased a new position in Citigroup in the 2nd quarter worth approximately $32,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on C shares. BMO Capital Markets raised their target price on Citigroup from $63.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, July 11th. Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Morgan Stanley dropped their price target on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI increased their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $71.06.

Citigroup Price Performance

NYSE C traded down $0.33 on Thursday, reaching $64.17. The company's stock had a trading volume of 9,989,092 shares, compared to its average volume of 14,336,658. The firm's 50 day moving average is $61.87 and its two-hundred day moving average is $62.05. The stock has a market cap of $122.42 billion, a PE ratio of 18.70, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a twelve month low of $38.92 and a twelve month high of $67.81.

Citigroup (NYSE:C - Get Free Report) last announced its 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. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Citigroup's revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Citigroup Inc. will post 5.76 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.49%. The ex-dividend date is Monday, November 4th. Citigroup's dividend payout ratio is currently 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.