Private Trust Co. NA Sells 897 Shares of Citigroup Inc. (NYSE:C)

Private Trust Co. NA trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,904 shares of the company’s stock after selling 897 shares during the quarter. Private Trust Co. NA’s holdings in Citigroup were worth $620,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in C. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after purchasing an additional 8,593 shares during the period. BDF Gestion purchased a new position in shares of Citigroup during the second quarter valued at approximately $3,861,000. KBC Group NV grew its stake in shares of Citigroup by 1.8% during the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after buying an additional 20,291 shares during the last quarter. Summit Global Investments grew its position in Citigroup by 289.5% in the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock valued at $1,918,000 after acquiring an additional 22,774 shares during the last quarter. Finally, Chesley Taft & Associates LLC purchased a new position in Citigroup in the 2nd quarter worth about $735,000. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

Shares of Citigroup stock opened at $69.74 on Wednesday. The firm has a market cap of $131.90 billion, a PE ratio of 20.21, a P/E/G ratio of 0.78 and a beta of 1.44. The business has a 50-day moving average price of $64.77 and a 200 day moving average price of $62.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a twelve month low of $44.56 and a twelve month high of $71.19.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.21%. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on C. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Barclays increased their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.