Soltis Investment Advisors LLC Buys 1,313 Shares of Citigroup Inc. (NYSE:C)

Soltis Investment Advisors LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,424 shares of the company’s stock after acquiring an additional 1,313 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Citigroup were worth $7,038,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Geode Capital Management LLC grew its holdings in shares of Citigroup by 2.0% during the third quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock worth $2,492,238,000 after purchasing an additional 791,758 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock worth $1,904,262,000 after acquiring an additional 250,716 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Citigroup by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock worth $1,813,544,000 after acquiring an additional 911,694 shares during the last quarter. Legal & General Group Plc increased its position in Citigroup by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after acquiring an additional 913,231 shares in the last quarter. Finally, Greenhaven Associates Inc. raised its stake in shares of Citigroup by 1.5% in the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after acquiring an additional 242,545 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $72.52 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $137.15 billion, a PE ratio of 21.02, a P/E/G ratio of 0.81 and a beta of 1.45. The stock has a 50 day simple moving average of $66.71 and a 200 day simple moving average of $63.48. Citigroup Inc. has a 52-week low of $47.71 and a 52-week high of $73.38.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share. Sell-side analysts predict that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.09%. Citigroup’s payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

C has been the subject of a number of research reports. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and raised their price target for the company from $70.00 to $82.00 in a report on Tuesday, December 3rd. Oppenheimer boosted their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America upped their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.63.

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.