Citigroup Inc. $C Shares Sold by Country Club Bank

Country Club Bank cut its position in shares of Citigroup Inc. (NYSE:C) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 162,760 shares of the company’s stock after selling 62,341 shares during the quarter. Citigroup accounts for 1.0% of Country Club Bank’s portfolio, making the stock its 22nd largest position. Country Club Bank’s holdings in Citigroup were worth $16,790,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of C. Truvestments Capital LLC boosted its stake in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Citigroup in the second quarter worth about $34,000. DHJJ Financial Advisors Ltd. lifted its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Citigroup during the 1st quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

C has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. TD Cowen lifted their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised Citigroup from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $107.00 to $124.00 in a research note on Friday, December 12th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.81.

Citigroup Stock Performance

Shares of C stock opened at $111.42 on Thursday. The company has a market capitalization of $199.36 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 1.21. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $113.52. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock’s fifty day simple moving average is $102.07 and its 200-day simple moving average is $95.16.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm had revenue of $22.09 billion during the quarter, compared to the consensus estimate of $20.92 billion. During the same period in the prior year, the business earned $1.51 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

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.