Advisors Capital Management LLC Acquires 5,125 Shares of Citigroup Inc. (C)

Advisors Capital Management LLC grew its position in Citigroup Inc. (NYSE:C) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,424 shares of the financial services provider’s stock after purchasing an additional 5,125 shares during the period. Citigroup comprises approximately 1.1% of Advisors Capital Management LLC’s holdings, making the stock its 29th biggest holding. Advisors Capital Management LLC’s holdings in Citigroup were worth $13,560,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of C. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Citigroup in the second quarter valued at about $1,034,000. Catamount Wealth Management bought a new stake in shares of Citigroup in the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

Shares of Citigroup Inc. (C) traded up $0.01 on Monday, hitting $75.72. The stock had a trading volume of 1,747,332 shares, compared to its average volume of 16,881,119. Citigroup Inc. has a 52 week low of $55.23 and a 52 week high of $77.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $200,180.00, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

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, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period last year, the company earned $1.24 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. research analysts predict that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

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

C has been the subject of a number of recent research reports. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Atlantic Securities restated an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. BMO Capital Markets increased their price objective on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $75.97.

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Citigroup Profile

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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