Brookstone Capital Management Has $9.84 Million Stake in Citigroup Inc. (NYSE:C)

Brookstone Capital Management grew its holdings in Citigroup Inc. (NYSE:CGet Rating) by 66.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,186 shares of the company’s stock after purchasing an additional 83,597 shares during the period. Brookstone Capital Management’s holdings in Citigroup were worth $9,841,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in C. New England Professional Planning Group Inc. bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $227,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Citigroup in the 4th quarter valued at approximately $31,000. Nvwm LLC grew its stake in shares of Citigroup by 196.3% in the 1st quarter. Nvwm LLC now owns 554 shares of the company’s stock valued at $30,000 after buying an additional 367 shares in the last quarter. Bell Investment Advisors Inc grew its stake in shares of Citigroup by 58.0% in the 4th quarter. Bell Investment Advisors Inc now owns 583 shares of the company’s stock valued at $35,000 after buying an additional 214 shares in the last quarter. Finally, Rational Advisors LLC grew its stake in shares of Citigroup by 71.1% in the 1st quarter. Rational Advisors LLC now owns 592 shares of the company’s stock valued at $32,000 after buying an additional 246 shares in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on C shares. Barclays decreased their target price on Citigroup from $67.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. UBS Group upped their target price on Citigroup from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 18th. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. Jefferies Financial Group decreased their target price on Citigroup from $54.00 to $48.00 in a research report on Monday, July 11th. Finally, Piper Sandler reduced their price objective on Citigroup from $70.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.19.

Citigroup Price Performance

Citigroup stock opened at $48.11 on Monday. The business’s 50-day simple moving average is $50.65 and its 200 day simple moving average is $50.99. The stock has a market cap of $93.18 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.58 and a beta of 1.60. Citigroup Inc. has a 12-month low of $43.44 and a 12-month high of $73.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.43.

Citigroup (NYSE:CGet Rating) last posted its quarterly earnings results on Friday, July 15th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.63. The business had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.84 earnings per share. As a group, research analysts anticipate that Citigroup Inc. will post 7.37 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Monday, August 1st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Friday, July 29th. Citigroup’s dividend payout ratio (DPR) is currently 26.09%.

Insiders Place Their Bets

In other Citigroup news, insider Citigroup Inc sold 4,614,358 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $36.25, for a total transaction of $167,270,477.50. Following the transaction, the insider now owns 15,318 shares in the company, valued at $555,277.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.08% of the company’s stock.

Citigroup Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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