TCG Advisory Services LLC Buys New Position in Citigroup Inc. (NYSE:C)

TCG Advisory Services LLC purchased a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,870 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter valued at about $26,000. Carmel Capital Partners LLC bought a new position in shares of Citigroup during the 3rd quarter valued at $25,000. Rakuten Securities Inc. purchased a new stake in Citigroup during the fourth quarter valued at about $35,000. AlphaMark Advisors LLC grew its stake in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in Citigroup in the 4th quarter worth approximately $39,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on C. Oppenheimer lowered their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Evercore ISI upped their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $62.85.

Citigroup Stock Up 0.8 %

Shares of C stock traded up $0.51 during trading hours on Friday, hitting $61.52. 11,048,877 shares of the company’s stock traded hands, compared to its average volume of 15,112,875. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $59.70 and its two-hundred day simple moving average is $52.79. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $63.90. The stock has a market cap of $117.83 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 earnings per share. On average, analysts expect that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.45%. Citigroup’s dividend payout ratio is currently 62.72%.

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.