Linscomb Wealth Inc. Has $8.81 Million Stock Position in Citigroup Inc. (NYSE:C)

Linscomb Wealth Inc. lessened its position in Citigroup Inc. (NYSE:C) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,732 shares of the company’s stock after selling 3,484 shares during the quarter. Linscomb Wealth Inc.’s holdings in Citigroup were worth $8,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new stake in Citigroup in the 2nd quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the third quarter worth about $28,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on C. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley reduced their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Trading Up 0.6 %

Shares of C stock traded up $0.40 on Friday, reaching $68.55. 3,073,879 shares of the stock were exchanged, compared to its average volume of 14,404,551. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The stock has a market cap of $129.65 billion, a PE ratio of 19.75, a P/E/G ratio of 0.77 and a beta of 1.44. The stock has a 50 day moving average price of $63.02 and a 200 day moving average price of $62.54.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Equities research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.27%. Citigroup’s dividend payout ratio is currently 64.93%.

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.