Citigroup Inc. (NYSE:C) Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its stake in Citigroup Inc. (NYSE:C) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,737 shares of the company’s stock after selling 12,359 shares during the period. Pitcairn Co.’s holdings in Citigroup were worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new stake in Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the 3rd quarter valued at about $28,000. Beacon Capital Management LLC raised its position in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 1.3 %

Shares of C stock opened at $69.84 on Friday. The business’s 50 day moving average is $64.32 and its two-hundred day moving average is $62.84. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $70.20. The company has a market capitalization of $132.09 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.21%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analyst Weigh In

C has been the topic of a number of analyst reports. Bank of America increased their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI raised their target price on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. Morgan Stanley cut their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Barclays raised their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer raised their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Profile

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.