Doyle Wealth Management Raises Position in Citigroup Inc. (C)

Doyle Wealth Management increased its position in shares of Citigroup Inc. (NYSE:C) by 17.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,834 shares of the financial services provider’s stock after purchasing an additional 27,206 shares during the quarter. Citigroup makes up approximately 2.4% of Doyle Wealth Management’s investment portfolio, making the stock its 13th largest position. Doyle Wealth Management’s holdings in Citigroup were worth $13,590,000 at the end of the most recent quarter.

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

Citigroup Inc. (NYSE:C) opened at $75.14 on Thursday. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The company has a market capitalization of $201,340.75, a price-to-earnings ratio of 14.67, a PEG ratio of 1.49 and a beta of 1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. sell-side analysts expect that Citigroup Inc. will post 5.3 earnings per share 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 $0.32 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. Citigroup’s dividend payout ratio is presently 24.66%.

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Societe Generale raised Citigroup from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. One investment 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 company currently has an average rating of “Buy” and a consensus target price of $75.97.

COPYRIGHT VIOLATION WARNING: “Doyle Wealth Management Raises Position in Citigroup Inc. (C)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://stocknewstimes.com/2017/12/14/doyle-wealth-management-raises-position-in-citigroup-inc-c.html.

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply