Wilmington Savings Fund Society FSB Boosts Stock Position in Citigroup Inc. (NYSE:C)

Wilmington Savings Fund Society FSB raised its position in Citigroup Inc. (NYSE:C) by 432.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,191 shares of the company’s stock after purchasing an additional 31,020 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Citigroup were worth $2,391,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. POM Investment Strategies LLC purchased a new stake in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup during the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter worth about $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup during the 3rd quarter worth about $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup in the second quarter valued at approximately $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on C shares. The Goldman Sachs Group lifted their target price on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Oppenheimer boosted their target price on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Piper Sandler raised their price target on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Bank of America boosted their price objective on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.63.

Citigroup Trading Down 0.6 %

NYSE C opened at $71.01 on Friday. The firm has a market capitalization of $134.30 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. Citigroup Inc. has a one year low of $49.17 and a one year high of $73.38. The company has a 50-day simple moving average of $67.28 and a 200-day simple moving average of $63.65. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. On average, equities analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. Citigroup’s dividend payout ratio (DPR) is presently 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.