HBK Sorce Advisory LLC increased its position in shares of Citigroup Inc. (NYSE:C)

HBK Sorce Advisory LLC increased its position in Citigroup Inc. (NYSE:C – Free Report) by 16.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,950 shares of the company’s stock after acquiring an additional 1,507 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Citigroup were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup in the second quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup in the 4th quarter valued at about $29,000. Beacon Capital Management LLC boosted its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup in the second quarter valued at $32,000. 71.72% of shares are held by institutional investors and hedge funds.

Citigroup trading rose 0.6%

Shares of Citigroup stock opened at $57.67 on Friday. The firm has a 50 day moving average price of $61.81 and a two hundred day moving average price of $61.33. Citigroup Inc. it has a 52-week low of $38.17 and a 52-week high of $67.81. The firm has a market cap of $110.02 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.62 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 0.94, and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C – Get Your Free Report ) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $1.37. Sell-side analysts expect Citigroup Inc. to post 5.81 earnings per share for the current year.

Citigroup raises dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a dividend of $2.24 on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Monday, August 5. Citigroup’s payout ratio is currently 62.75%.

Analyst upgrades and downgrades

C has been the subject of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada raised their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Piper Sandler upped their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Morgan Stanley boosted their price target on Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $68.25, based on data from MarketBeat.

Get the latest research report on Citigroup

Citigroup profile

(Free Report)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments and institutions around the world. It operates through five segments: Services, Markets, Banking, US 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 client support, local market expertise, post-trade technologies, data solutions and various securities service solutions.

See Also

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