Aptus Capital Advisors LLC Buys 27,512 Shares of Citigroup Inc. (NYSE:C)

Aptus Capital Advisors LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 20.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,538 shares of the company’s stock after purchasing an additional 27,512 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Citigroup were worth $10,112,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in C. Bleakley Financial Group LLC lifted its position in shares of Citigroup by 3.3% in the first quarter. Bleakley Financial Group LLC now owns 28,695 shares of the company’s stock worth $1,815,000 after purchasing an additional 904 shares in the last quarter. TD Asset Management Inc increased its holdings in Citigroup by 12.5% during the first quarter. TD Asset Management Inc now owns 1,089,087 shares of the company’s stock worth $68,874,000 after buying an additional 121,432 shares during the last quarter. D Orazio & Associates Inc. acquired a new position in Citigroup during the first quarter worth $246,000. TBH Global Asset Management LLC acquired a new position in Citigroup during the first quarter worth $289,000. Finally, Beacon Investment Advisory Services Inc. acquired a new position in Citigroup during the first quarter worth $271,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays boosted their target price on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.06.

Citigroup Trading Down 1.1 %

C stock opened at $69.05 on Wednesday. Citigroup Inc. has a 52 week low of $41.93 and a 52 week high of $70.20. The company’s 50-day simple moving average is $62.56 and its 200 day simple moving average is $62.42. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96. The company has a market capitalization of $131.73 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Citigroup’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Citigroup 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.