Foster & Motley Inc. Buys New Stake in Citigroup Inc. (C)

Foster & Motley Inc. bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 3,862 shares of the financial services provider’s stock, valued at approximately $281,000.

Other institutional investors have also modified their holdings of the company. Godshalk Welsh Capital Management Inc. raised its stake in shares of Citigroup by 15.9% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 5,475 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 750 shares during the last quarter. Israel Discount Bank of New York bought a new position in shares of Citigroup in the first quarter worth about $785,000. Good Life Advisors LLC bought a new position in shares of Citigroup in the first quarter worth about $209,000. SRS Capital Advisors Inc. raised its stake in shares of Citigroup by 32.0% in the first quarter. SRS Capital Advisors Inc. now owns 4,480 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Citigroup in the first quarter worth about $251,000. Institutional investors and hedge funds own 78.59% of the company’s stock.

A number of equities analysts have weighed in on the stock. set a $74.00 target price on shares of Citigroup and gave the stock a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and boosted their price target for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods set a $75.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Sunday, August 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $75.83.

Citigroup Inc. (NYSE:C) opened at $75.71 on Friday. The stock has a market cap of $198,247.28, a P/E ratio of 14.45, a P/E/G ratio of 1.47 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc. has a 1-year low of $55.23 and a 1-year high of $77.92.

Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. equities analysts forecast that Citigroup Inc. will post 5.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio is currently 24.66%.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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