Zions Bancorporation N.A. Purchases 621 Shares of Citigroup Inc. (NYSE:C)

Zions Bancorporation N.A. boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,279 shares of the company’s stock after acquiring an additional 621 shares during the quarter. Zions Bancorporation N.A.’s holdings in Citigroup were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its stake in Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after buying an additional 8,593 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Citigroup by 13.4% in the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after acquiring an additional 23,774 shares during the period. BDF Gestion purchased a new position in shares of Citigroup in the second quarter worth about $3,861,000. Chesley Taft & Associates LLC purchased a new position in shares of Citigroup during the second quarter worth $735,000. Finally, Summit Global Investments raised its stake in shares of Citigroup by 289.5% during the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock valued at $1,918,000 after buying an additional 22,774 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on C. Oppenheimer lifted their price target on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Evercore ISI increased 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. Wells Fargo & Company lifted their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Morgan Stanley dropped 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Performance

Shares of Citigroup stock opened at $68.76 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $63.21 and its 200 day moving average price is $62.59. The company has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20.

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

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.26%. Citigroup’s payout ratio is 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.