Sanctuary Advisors LLC Grows Stake in Citigroup Inc. (NYSE:C)

Sanctuary Advisors LLC increased its holdings in Citigroup Inc. (NYSE:C) by 14.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,126 shares of the company’s stock after buying an additional 19,941 shares during the period. Sanctuary Advisors LLC’s holdings in Citigroup were worth $9,711,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in C. POM Investment Strategies LLC bought a new stake in shares of Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup in the 2nd quarter worth about $31,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 3rd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Citigroup during the 2nd quarter valued at about $32,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $82.00 in a research note on Tuesday, December 3rd. Bank of America raised their price objective on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Evercore ISI increased their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lifted their price target on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.63.

Citigroup Stock Performance

NYSE:C opened at $71.01 on Friday. 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 firm’s fifty day simple moving average is $67.28 and its 200 day simple moving average is $63.65. The stock has a market cap of $134.30 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. Citigroup Inc. has a twelve month low of $49.17 and a twelve month high of $73.38.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is presently 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.