J.W. Cole Advisors Inc. Increases Stock Position in Citigroup Inc. (NYSE:C)

J.W. Cole Advisors Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 3.0% during the first quarter, HoldingsChannel.com reports. The fund owned 13,512 shares of the company’s stock after purchasing an additional 394 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Citigroup were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Nvwm LLC grew its position in Citigroup by 196.3% in the 1st quarter. Nvwm LLC now owns 554 shares of the company’s stock valued at $30,000 after buying an additional 367 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Citigroup in the 4th quarter valued at $31,000. Cyrus J. Lawrence LLC purchased a new position in Citigroup in the 1st quarter valued at $32,000. Rational Advisors LLC grew its position in Citigroup by 71.1% in the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock valued at $32,000 after buying an additional 246 shares during the last quarter. Finally, DeDora Capital Inc. purchased a new position in Citigroup in the 1st quarter valued at $33,000. 71.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Citigroup Inc sold 4,614,358 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the completion of the transaction, the insider now directly owns 15,318 shares in the company, valued at approximately $555,277.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Citigroup from $55.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, September 12th. Wells Fargo & Company cut their price target on Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Odeon Capital Group downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Jefferies Financial Group cut their price objective on shares of Citigroup from $54.00 to $48.00 in a report on Monday, July 11th. Finally, TheStreet lowered shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.19.

Citigroup Stock Down 0.7 %

Shares of NYSE:C opened at $48.11 on Monday. The company has a quick ratio of 0.93, 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 $73.72. The company has a 50 day moving average of $50.65 and a two-hundred day moving average of $50.99. The company has a market capitalization of $93.18 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings data on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.63. Citigroup had a net margin of 20.06% and a return on equity of 10.25%. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter last year, the company earned $2.84 earnings per share. Citigroup’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts forecast that Citigroup Inc. will post 7.37 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 1st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Friday, July 29th. Citigroup’s dividend payout ratio (DPR) is currently 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).

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Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:CGet Rating).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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