Avestar Capital LLC Has $761,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Avestar Capital LLC raised its holdings in Citigroup Inc. (NYSE:C) by 9.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,156 shares of the company’s stock after acquiring an additional 1,007 shares during the period. Avestar Capital LLC’s holdings in Citigroup were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Citigroup by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock worth $1,904,262,000 after purchasing an additional 250,716 shares during the period. Fisher Asset Management LLC increased its stake in Citigroup by 3.2% in the third quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock valued at $1,813,544,000 after acquiring an additional 911,694 shares during the period. Legal & General Group Plc lifted its stake in Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after purchasing an additional 913,231 shares during the period. Greenhaven Associates Inc. boosted its holdings in Citigroup by 1.5% during the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock valued at $1,056,900,000 after purchasing an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock valued at $590,106,000 after purchasing an additional 168,070 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 1.4 %

Shares of Citigroup stock opened at $69.74 on Wednesday. Citigroup Inc. has a 12 month low of $44.56 and a 12 month high of $71.19. The business has a fifty day simple moving average of $64.77 and a 200 day simple moving average of $62.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $131.90 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the business posted $1.52 EPS. Citigroup’s revenue was up .9% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analyst Weigh In

Several brokerages recently commented on C. Morgan Stanley decreased their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Bank of America upped their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.