Grandview Asset Management LLC Purchases New Position in Citigroup Inc. (NYSE:C)

Grandview Asset Management LLC acquired a new position in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,235 shares of the company’s stock, valued at approximately $650,000.

Several other hedge funds have also recently made changes to their positions in C. Inspire Trust Co. N.A. grew its holdings in shares of Citigroup by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after acquiring an additional 20,000 shares during the period. HighTower Advisors LLC boosted its position in shares of Citigroup by 2.4% during the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after purchasing an additional 8,301 shares in the last quarter. KBC Group NV grew its stake in Citigroup by 1.8% in the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock worth $71,270,000 after purchasing an additional 20,291 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock worth $24,710,000 after purchasing an additional 18,278 shares in the last quarter. Finally, TCW Group Inc. lifted its position in Citigroup by 8.6% during the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after buying an additional 26,882 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Up 2.2 %

NYSE:C opened at $72.94 on Tuesday. The company has a 50 day simple moving average of $70.40 and a two-hundred day simple moving average of $65.15. The company has a market cap of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. Citigroup’s revenue was up .9% on a year-over-year basis. Research analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on C shares. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Bank of America lifted their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Oppenheimer reduced their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.00 to $95.00 in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $80.13.

About Citigroup

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.