Cerity Partners LLC Has $53.89 Million Holdings in Citigroup Inc. (NYSE:C)

Cerity Partners LLC grew its position in Citigroup Inc. (NYSE:C) by 59.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 860,907 shares of the company’s stock after purchasing an additional 320,568 shares during the period. Cerity Partners LLC’s holdings in Citigroup were worth $53,893,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of C. Great Valley Advisor Group Inc. boosted its stake in shares of Citigroup by 15.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 38,532 shares of the company’s stock worth $2,412,000 after acquiring an additional 5,164 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Citigroup by 21.4% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,168 shares of the company’s stock worth $256,000 after acquiring an additional 735 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Citigroup during the 3rd quarter worth about $1,616,000. Raymond James Trust N.A. boosted its stake in shares of Citigroup by 4.9% during the 3rd quarter. Raymond James Trust N.A. now owns 64,312 shares of the company’s stock worth $4,026,000 after acquiring an additional 3,028 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Citigroup by 6.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 52,340 shares of the company’s stock worth $3,592,000 after acquiring an additional 3,021 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on C shares. Morgan Stanley decreased their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Bank of America upped their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI increased their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased 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. Finally, Barclays increased their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Trading Up 1.3 %

Citigroup stock opened at $69.84 on Friday. The business has a 50 day moving average price of $64.32 and a two-hundred day moving average price of $62.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $132.09 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a 12 month low of $44.56 and a 12 month high of $70.20.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the firm posted $1.52 EPS. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.21%. Citigroup’s dividend payout ratio is 64.93%.

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.