Hunter Associates Investment Management LLC Sells 2,026 Shares of Citigroup Inc. (NYSE:C)

Hunter Associates Investment Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 17.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,514 shares of the company’s stock after selling 2,026 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Citigroup were worth $598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new stake in shares of Citigroup in the second quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the 3rd quarter valued at $28,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup during the second quarter worth $31,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Citigroup during the second quarter worth $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on C. Piper Sandler upped their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Evercore ISI upped their target price 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 lifted 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. Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Trading Up 0.8 %

NYSE:C opened at $64.69 on Wednesday. The stock has a market capitalization of $123.39 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 52 week low of $38.41 and a 52 week high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $61.79 and a 200 day moving average of $62.03.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, November 4th. Citigroup’s dividend payout ratio is presently 62.75%.

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.