US Bancorp DE Has $31.76 Million Stake in Citigroup Inc. (NYSE:C)

US Bancorp DE cut its stake in Citigroup Inc. (NYSE:C) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 507,375 shares of the company’s stock after selling 11,645 shares during the quarter. US Bancorp DE’s holdings in Citigroup were worth $31,762,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in C. Price T Rowe Associates Inc. MD lifted its position in shares of Citigroup by 123.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock worth $1,904,262,000 after buying an additional 250,716 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after buying an additional 913,231 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Citigroup by 1.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock valued at $1,056,900,000 after acquiring an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Citigroup by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock valued at $590,106,000 after acquiring an additional 168,070 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of several recent research reports. Morgan Stanley reduced their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Oppenheimer cut their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Stock Down 0.7 %

C stock opened at $63.71 on Friday. Citigroup Inc. has a fifty-two week low of $39.93 and a fifty-two week high of $67.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.94. The stock has a market capitalization of $121.55 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.72 and a beta of 1.44. The business’s fifty day moving average price is $61.97 and its two-hundred day moving average price is $62.10.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the firm earned $1.52 earnings per share. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.