Farmers Trust Co. Has $5.79 Million Stock Position in Citigroup Inc. (NYSE:C)

Farmers Trust Co. decreased its stake in shares of Citigroup Inc. (NYSE:C) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 82,211 shares of the company’s stock after selling 2,505 shares during the quarter. Farmers Trust Co.’s holdings in Citigroup were worth $5,787,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the 2nd quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup during the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC boosted its position in shares of Citigroup by 1,139.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.8 %

Shares of NYSE C traded down $0.57 during midday trading on Wednesday, reaching $73.11. 8,920,776 shares of the stock were exchanged, compared to its average volume of 13,423,563. The business has a 50-day simple moving average of $69.68 and a two-hundred day simple moving average of $64.84. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $138.27 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. As a group, equities research analysts expect that Citigroup Inc. will post 5.86 EPS 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 paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.06%. Citigroup’s payout ratio is currently 64.93%.

Analyst Ratings Changes

C has been the topic of several analyst reports. Evercore ISI upped their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note 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 research note on Friday, November 15th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $95.00 in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

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.