DCF Advisers LLC Grows Holdings in Citigroup Inc. (NYSE:C)

DCF Advisers LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 93.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,000 shares of the company’s stock after buying an additional 6,750 shares during the period. DCF Advisers LLC’s holdings in Citigroup were worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in C. King Luther Capital Management Corp raised its holdings in shares of Citigroup by 46.0% during the 2nd quarter. King Luther Capital Management Corp now owns 110,442 shares of the company’s stock valued at $7,009,000 after buying an additional 34,809 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Citigroup by 15.4% during the second quarter. Canada Pension Plan Investment Board now owns 2,738,454 shares of the company’s stock worth $173,782,000 after acquiring an additional 365,140 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Citigroup by 20.9% in the 2nd quarter. Ieq Capital LLC now owns 59,332 shares of the company’s stock worth $3,765,000 after acquiring an additional 10,239 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Citigroup by 2.9% in the 2nd quarter. Intech Investment Management LLC now owns 104,407 shares of the company’s stock valued at $6,626,000 after purchasing an additional 2,896 shares in the last quarter. Finally, ProVise Management Group LLC grew its holdings in shares of Citigroup by 4.4% during the 2nd quarter. ProVise Management Group LLC now owns 178,919 shares of the company’s stock valued at $11,354,000 after purchasing an additional 7,553 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. Argus boosted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Piper Sandler raised their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Evercore ISI upped their price target on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. Finally, Morgan Stanley raised their price target on shares of Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Citigroup Stock Up 5.2 %

Shares of NYSE:C opened at $63.02 on Friday. The firm has a market capitalization of $120.21 billion, a P/E ratio of 17.65, a P/E/G ratio of 0.62 and a beta of 1.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $61.40 and a 200-day moving average price of $61.41. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.81 EPS for the current fiscal year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio (DPR) is 62.75%.

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.