Catalyst Financial Partners LLC Invests $215,000 in Citigroup Inc. (NYSE:C)

Catalyst Financial Partners LLC bought a new position in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, Holdings Channel reports. The firm bought 4,178 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of C. Carmel Capital Partners LLC purchased a new position in Citigroup in the 3rd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in Citigroup in the 4th quarter worth approximately $26,000. AlphaMark Advisors LLC raised its position in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Citigroup in the 3rd quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C traded up $0.57 during trading hours on Thursday, hitting $63.32. The company had a trading volume of 11,254,047 shares, compared to its average volume of 16,483,809. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. 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 business has a fifty day simple moving average of $60.13 and a 200-day simple moving average of $53.17. The firm has a market cap of $121.28 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period last year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 62.72%.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and upped their target price for the company from $46.00 to $65.00 in a research report on Tuesday, January 30th. Oppenheimer cut their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Finally, HSBC upped their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.85.

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.