Beacon Pointe Wealth Advisors LLC Takes Position in Citigroup Inc (C)

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Beacon Pointe Wealth Advisors LLC purchased a new position in Citigroup Inc (NYSE:C) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,335 shares of the financial services provider’s stock, valued at approximately $279,000.

A number of other large investors have also modified their holdings of C. Evolution Wealth Advisors LLC purchased a new stake in Citigroup in the 4th quarter worth approximately $29,000. Signet Investment Advisory Group Inc. purchased a new stake in Citigroup in the 4th quarter worth approximately $32,000. Hudock Capital Group LLC boosted its position in Citigroup by 79.0% in the 4th quarter. Hudock Capital Group LLC now owns 836 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 369 shares in the last quarter. Ayalon Holdings Ltd. purchased a new stake in Citigroup in the 4th quarter worth approximately $50,000. Finally, Ironwood Financial llc boosted its position in Citigroup by 97.2% in the 4th quarter. Ironwood Financial llc now owns 1,134 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 559 shares in the last quarter. Institutional investors own 73.99% of the company’s stock.

Shares of NYSE:C opened at $61.61 on Tuesday. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $78.42. The company has a market cap of $159.37 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $17.57 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that Citigroup Inc will post 7.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.92%. Citigroup’s payout ratio is currently 27.07%.

C has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Citigroup to $92.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, October 16th. Credit Suisse Group lowered their price objective on Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Finally, TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.20.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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