Haverford Trust Co Trims Position in Citigroup Inc. (NYSE:C)

Haverford Trust Co lowered its holdings in Citigroup Inc. (NYSE:C) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 12,907 shares of the company’s stock after selling 525 shares during the period. Haverford Trust Co’s holdings in Citigroup were worth $808,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on C shares. Barclays lifted their price objective on 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 lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Evercore ISI raised their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer upped their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One investment 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. According to data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $72.06.

Citigroup Stock Performance

Citigroup stock opened at $68.13 on Friday. Citigroup Inc. has a 52 week low of $44.32 and a 52 week high of $70.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $128.85 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The stock has a 50 day moving average of $62.87 and a 200-day moving average of $62.51.

Citigroup (NYSE:C) last announced 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 company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. On average, analysts expect that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Citigroup Company 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.