Citigroup Inc. (NYSE:C) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its position in shares of Citigroup Inc. (NYSE:C) by 25.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,780 shares of the company’s stock after buying an additional 4,588 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Citigroup were worth $1,446,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $25,000. Beacon Capital Management LLC increased its holdings in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in 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 acquiring an additional 569 shares during the period. Triad Wealth Partners LLC purchased a new position in Citigroup during the second quarter valued at $32,000. Finally, Strategic Financial Concepts LLC grew its position in shares of Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after purchasing an additional 48,484 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

C stock opened at $62.14 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The business has a fifty day moving average of $61.30 and a two-hundred day moving average of $61.46. The stock has a market cap of $118.53 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth 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) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. Citigroup’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 5.81 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is 62.75%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on C shares. BMO Capital Markets upped their price target on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Morgan Stanley raised their target price on Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Oppenheimer boosted their price target on Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Piper Sandler raised their price objective on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada upped their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.25.

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.