Citigroup Inc. (NYSE:C) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in Citigroup Inc. (NYSE:C) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551,556 shares of the company’s stock after purchasing an additional 3,527 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Citigroup were worth $28,372,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC increased its position in shares of Citigroup by 130.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 175,576 shares of the company’s stock worth $7,221,000 after purchasing an additional 99,371 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Citigroup in the 3rd quarter worth about $209,000. Sound Income Strategies LLC grew its position in shares of Citigroup by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock valued at $13,279,000 after buying an additional 21,440 shares during the last quarter. Stifel Financial Corp grew its position in shares of Citigroup by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 943,832 shares of the company’s stock valued at $38,820,000 after buying an additional 40,630 shares during the last quarter. Finally, Kahn Brothers Group Inc. grew its position in shares of Citigroup by 0.7% during the 3rd quarter. Kahn Brothers Group Inc. now owns 1,215,684 shares of the company’s stock valued at $50,001,000 after buying an additional 8,878 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on C. Barclays boosted their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $42.00 to $61.00 in a research note on Tuesday, January 9th. Daiwa Capital Markets raised shares of Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, December 18th. Wells Fargo & Company boosted their target price on shares of Citigroup from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.03.

Citigroup Stock Up 1.8 %

C stock opened at $62.75 on Thursday. The firm has a market capitalization of $120.18 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.69 and a beta of 1.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $56.06 and its 200-day simple moving average is $48.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $62.76.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($1.89). Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. Citigroup’s dividend payout ratio (DPR) is 53.13%.

Citigroup Company 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.