First Dallas Securities Inc. Invests $611,000 in Citigroup Inc. (NYSE:C)

First Dallas Securities Inc. acquired a new position in Citigroup Inc. (NYSE:C) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,764 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Citigroup by 2.0% during the third quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock worth $2,492,238,000 after purchasing an additional 791,758 shares during the period. Continuum Advisory LLC raised its position in shares of Citigroup by 5.6% during the third quarter. Continuum Advisory LLC now owns 6,399 shares of the company’s stock worth $436,000 after purchasing an additional 340 shares during the period. LRI Investments LLC raised its position in shares of Citigroup by 80.1% during the third quarter. LRI Investments LLC now owns 9,040 shares of the company’s stock worth $616,000 after purchasing an additional 4,021 shares during the period. Gordian Capital Singapore Pte Ltd raised its position in shares of Citigroup by 173.9% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 15,960 shares of the company’s stock worth $999,000 after purchasing an additional 10,133 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Citigroup by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 907,768 shares of the company’s stock worth $56,826,000 after purchasing an additional 16,235 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.4 %

NYSE C opened at $71.88 on Tuesday. The firm has a market cap of $135.94 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. Citigroup Inc. has a one year low of $47.71 and a one year high of $72.85. The stock’s 50 day simple moving average is $66.31 and its 200 day simple moving average is $63.36. 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 (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.12%. Citigroup’s payout ratio is 64.93%.

Analyst Ratings Changes

Several research firms recently weighed in on C. The Goldman Sachs Group upped their price target on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI upped their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $82.00 in a research note on Tuesday, December 3rd. Finally, Barclays boosted 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

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.