Citigroup Inc. (NYSE:C) Stock Holdings Increased by Country Club Bank

Country Club Bank grew its position in shares of Citigroup Inc. (NYSE:C) by 25.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,304 shares of the company’s stock after buying an additional 46,216 shares during the period. Citigroup comprises 0.9% of Country Club Bank’s portfolio, making the stock its 24th largest position. Country Club Bank’s holdings in Citigroup were worth $14,125,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. POM Investment Strategies LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC boosted its position in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the second quarter worth $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 2.0 %

Shares of NYSE:C opened at $61.76 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $117.80 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The company has a 50 day moving average price of $61.67 and a 200 day moving average price of $61.95.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The business 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 company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. On average, research analysts anticipate that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.63%. Citigroup’s payout ratio is presently 62.75%.

Wall Street Analyst Weigh In

Several 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 research report on Monday, July 15th. Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. BMO Capital Markets raised their target price on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Finally, Evercore ISI lifted their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

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.