Dynasty Wealth Management LLC Grows Holdings in Citigroup Inc (C)

Dynasty Wealth Management LLC raised its position in Citigroup Inc (NYSE:C) by 116.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,371 shares of the financial services provider’s stock after acquiring an additional 3,968 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Citigroup were worth $529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMA Wealth Inc. acquired a new position in shares of Citigroup during the second quarter worth about $129,000. Arlington Partners LLC acquired a new position in shares of Citigroup during the third quarter worth about $143,000. Peoples Financial Services CORP. grew its position in shares of Citigroup by 82.8% during the third quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,000 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Citigroup during the third quarter worth about $166,000. Finally, Chicago Partners Investment Group LLC grew its position in shares of Citigroup by 197.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,678 shares in the last quarter. 72.85% of the stock is owned by institutional investors.

Shares of NYSE C opened at $62.87 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc has a twelve month low of $62.15 and a twelve month high of $80.70. The company has a market capitalization of $161.58 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.82 and a beta of 1.47.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The company had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc will post 6.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, November 2nd. Citigroup’s dividend payout ratio is currently 33.77%.

A number of equities analysts recently issued reports on C shares. BMO Capital Markets upped their price target on Citigroup to $92.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Wolfe Research started coverage on Citigroup in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Deutsche Bank upped their price target on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $82.51.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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