Equitable Trust Co. Has $3.41 Million Position in Citigroup Inc. $C

by · The Cerbat Gem

Equitable Trust Co. lifted its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 3.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 40,093 shares of the company’s stock after purchasing an additional 1,351 shares during the quarter. Equitable Trust Co.’s holdings in Citigroup were worth $3,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of C. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the first quarter worth about $28,000. Accent Capital Management LLC raised its holdings in Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC raised its holdings in Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its holdings in Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in Citigroup by 805.2% in the first quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after buying an additional 467 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on C. Wells Fargo & Company upped their price objective on Citigroup from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. TD Cowen upped their target price on Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. Dbs Bank downgraded Citigroup from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 22nd. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday, July 7th. Finally, Truist Financial increased their price target on Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Get Our Latest Stock Analysis on C

Insider Activity at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the sale, the director owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

C stock opened at $96.18 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The stock has a 50-day moving average price of $97.09 and a 200-day moving average price of $84.05. The firm has a market cap of $177.05 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59.

Citigroup (NYSE:C – Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The company had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is presently 35.45%.

Citigroup Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).