Pathway Financial Advisers LLC Purchases 9,873 Shares of Citigroup Inc. (NYSE:C)

Pathway Financial Advisers LLC grew its position in shares of Citigroup Inc. (NYSE:C) by 6,170.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,033 shares of the company’s stock after buying an additional 9,873 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Citigroup were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in C. MONECO Advisors LLC lifted its position in shares of Citigroup by 2.9% during the second quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after purchasing an additional 157 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Citigroup by 4.0% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after purchasing an additional 164 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of Citigroup by 2.7% during the first quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after purchasing an additional 165 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of Citigroup by 1.0% during the second quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after purchasing an additional 169 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock worth $161,000 after purchasing an additional 170 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 0.3 %

Shares of C stock opened at $64.51 on Thursday. The firm has a fifty day moving average of $61.87 and a 200-day moving average of $62.05. 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 Inc. has a 12-month low of $38.92 and a 12-month high of $67.81. The company has a market capitalization of $123.07 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio is 64.93%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Argus increased their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Oppenheimer cut their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Finally, Piper Sandler increased their price objective on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Company 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.