Perigon Wealth Management LLC acquired a new position in Citigroup Inc (NYSE:C) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,187 shares of the financial services provider’s stock, valued at approximately $372,000.
A number of other hedge funds have also recently bought and sold shares of C. IMA Wealth Inc. purchased a new stake in shares of Citigroup during the 2nd quarter valued at approximately $129,000. Arlington Partners LLC purchased a new stake in Citigroup in the third quarter valued at approximately $143,000. Almanack Investment Partners LLC. purchased a new stake in Citigroup in the third quarter valued at approximately $150,000. Peoples Financial Services CORP. raised its position in Citigroup by 82.8% in the third quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,000 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Citigroup in the third quarter valued at approximately $166,000. Institutional investors own 72.85% of the company’s stock.
Citigroup stock opened at $64.79 on Friday. Citigroup Inc has a twelve month low of $61.72 and a twelve month high of $80.70. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $166.51 billion, a PE ratio of 12.16, a P/E/G ratio of 0.85 and a beta of 1.47.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. Citigroup’s payout ratio is currently 33.77%.
A number of brokerages have issued reports on C. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday. BMO Capital Markets boosted their target price on Citigroup to $92.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Vining Sparks reissued a “buy” rating and issued a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Deutsche Bank boosted their target price on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average price target of $82.66.
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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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