Arete Wealth Advisors LLC Has $423,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Arete Wealth Advisors LLC grew its position in Citigroup Inc. (NYSE:CGet Rating) by 29.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,630 shares of the company’s stock after buying an additional 1,963 shares during the period. Arete Wealth Advisors LLC’s holdings in Citigroup were worth $423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Griffin Asset Management Inc. lifted its position in Citigroup by 11.6% during the 1st quarter. Griffin Asset Management Inc. now owns 6,260 shares of the company’s stock worth $334,000 after buying an additional 653 shares in the last quarter. Private Trust Co. NA grew its position in shares of Citigroup by 6.7% during the 1st quarter. Private Trust Co. NA now owns 15,817 shares of the company’s stock worth $845,000 after purchasing an additional 997 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth approximately $122,000. Golden Green Inc. boosted its position in shares of Citigroup by 47.8% during the 1st quarter. Golden Green Inc. now owns 21,259 shares of the company’s stock worth $1,135,000 after acquiring an additional 6,879 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of Citigroup by 9.9% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 13,816 shares of the company’s stock worth $738,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on C shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Citigroup in a research note on Friday, July 8th. Cfra reiterated a “buy” rating and set a $62.00 price objective on shares of Citigroup in a report on Friday, July 15th. TheStreet cut shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. Barclays reduced their price objective on shares of Citigroup from $67.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Finally, Royal Bank of Canada reduced their price objective on shares of Citigroup from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $62.95.

Citigroup Trading Up 0.8 %

NYSE:C opened at $51.66 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. Citigroup Inc. has a 52 week low of $43.44 and a 52 week high of $74.64. The firm has a market capitalization of $102.33 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.64 and a beta of 1.60. The company has a fifty day moving average of $49.22 and a 200 day moving average of $53.97.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings data on Friday, July 15th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.62 by $0.57. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same period in the prior year, the business earned $2.84 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 7.21 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Friday, July 29th. Citigroup’s dividend payout ratio (DPR) is presently 26.09%.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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