City State Bank Trims Stock Holdings in Citigroup Inc. (NYSE:C)

City State Bank lowered its position in Citigroup Inc. (NYSE:CFree Report) by 10.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,557 shares of the company’s stock after selling 300 shares during the period. City State Bank’s holdings in Citigroup were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Carmel Capital Partners LLC purchased a new stake in shares of Citigroup during the third quarter worth approximately $25,000. GHP Investment Advisors Inc. grew its holdings in Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Citigroup during the first quarter valued at $28,000. AlphaMark Advisors LLC boosted its stake in shares of Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Finally, Union Savings Bank acquired a new stake in shares of Citigroup during the second quarter valued at $30,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $58.63 on Tuesday. The firm has a market cap of $112.06 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50. The business has a 50 day moving average price of $54.87 and a two-hundred day moving average price of $48.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $58.67.

Citigroup (NYSE:CGet Free Report) last issued its earnings results on Friday, January 12th. The company reported ($1.16) EPS for the quarter, missing the consensus estimate of $0.73 by ($1.89). The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. Citigroup’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Sell-side analysts expect that Citigroup Inc. will post 5.88 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 53.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on C. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, December 18th. Piper Sandler upgraded Citigroup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $56.00 to $63.00 in a research report on Wednesday, February 14th. HSBC upgraded Citigroup from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $61.00 in a research report on Tuesday, January 9th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group upgraded Citigroup from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $68.00 in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.97.

View Our Latest Stock Analysis on Citigroup

Citigroup Company Profile

(Free Report)

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

See Also

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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