Thomasville National Bank Acquires 901 Shares of Citigroup Inc. (NYSE:C)

Thomasville National Bank raised its holdings in shares of Citigroup Inc. (NYSE:C) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,782 shares of the company’s stock after acquiring an additional 901 shares during the quarter. Thomasville National Bank’s holdings in Citigroup were worth $3,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in C. Geode Capital Management LLC lifted its holdings in shares of Citigroup by 2.0% during the third quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock worth $2,492,238,000 after buying an additional 791,758 shares in the last quarter. Franklin Resources Inc. grew its position in Citigroup by 18.5% in the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after acquiring an additional 4,680,713 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Citigroup by 3.2% during the third quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock worth $1,813,544,000 after purchasing an additional 911,694 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after purchasing an additional 913,231 shares during the last quarter. Finally, Greenhaven Associates Inc. grew its holdings in shares of Citigroup by 1.5% during the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after purchasing an additional 242,545 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on C. Morgan Stanley cut their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their target price on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Truist Financial started coverage on Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target for the company. Finally, Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Trading Up 0.4 %

Shares of C stock traded up $0.32 during trading hours on Monday, reaching $71.72. The company’s stock had a trading volume of 4,577,085 shares, compared to its average volume of 12,810,820. The stock has a market capitalization of $135.64 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a one year low of $50.51 and a one year high of $74.29. The firm’s fifty day simple moving average is $70.19 and its 200 day simple moving average is $65.07. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Equities research analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, November 4th. Citigroup’s 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.