Grant Private Wealth Management Inc Decreases Stake in Citigroup Inc. $C

Grant Private Wealth Management Inc trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 94.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,353 shares of the company’s stock after selling 74,241 shares during the quarter. Grant Private Wealth Management Inc’s holdings in Citigroup were worth $442,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of C. Keystone Financial Services bought a new stake in Citigroup in the second quarter valued at about $216,000. Brighton Jones LLC grew its position in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Hayek Kallen Investment Management increased its holdings in shares of Citigroup by 125.0% in the 1st quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after acquiring an additional 8,630 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Citigroup by 3.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after acquiring an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC bought a new position in Citigroup during the first quarter worth $203,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 1.2%

C opened at $111.43 on Wednesday. The stock’s 50 day moving average price is $101.78 and its 200 day moving average price is $95.04. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $199.37 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.56 and a beta of 1.21. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $113.52.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is 33.71%.

Analyst Ratings Changes

Several research firms have recently commented on C. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Citigroup in a report on Wednesday, December 10th. Oppenheimer decreased their target price on Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Dbs Bank cut Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. TD Cowen raised their price target on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Piper Sandler set a $118.00 price objective on Citigroup in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.47.

Citigroup Company 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.