City State Bank lessened its stake in shares of Citigroup Inc. (NYSE:C – Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,044 shares of the company’s stock after selling 500 shares during the quarter. City State Bank’s holdings in Citigroup were worth $144,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Lifestyle Asset Management Inc. raised its holdings in shares of Citigroup by 4.5% during the third quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after acquiring an additional 160 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Citigroup by 7.1% during the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after acquiring an additional 170 shares in the last quarter. MWA Asset Management raised its holdings in shares of Citigroup by 1.4% during the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock valued at $788,000 after acquiring an additional 173 shares in the last quarter. Bridge Creek Capital Management LLC raised its holdings in Citigroup by 0.3% in the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after purchasing an additional 175 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Citigroup by 9.3% in the third quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Citigroup Trading Up 2.2 %
Citigroup stock opened at $72.94 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a one year low of $50.51 and a one year high of $74.29. The stock has a market capitalization of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The business’s fifty day moving average is $70.40 and its 200 day moving average is $65.15.
Citigroup Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.07%. Citigroup’s payout ratio is 64.93%.
Analysts Set New Price Targets
C has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group increased their price objective on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Oppenheimer decreased their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Piper Sandler raised their price target on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.13.
View Our Latest Stock Report on C
About Citigroup
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.
Read More
- Five stocks we like better than Citigroup
- What Are Growth Stocks and Investing in Them
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Top Biotech Stocks: Exploring Innovation Opportunities
- Delta Can Fly to New Highs in 2025; Here’s Why
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.