NBT Bank N A NY Has $636,000 Stock Position in Citigroup Inc. (NYSE:C)

NBT Bank N A NY cut its holdings in shares of Citigroup Inc. (NYSE:C) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,020 shares of the company’s stock after selling 702 shares during the period. NBT Bank N A NY’s holdings in Citigroup were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in shares of Citigroup by 25.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,283 shares of the company’s stock worth $843,000 after purchasing an additional 2,700 shares during the last quarter. Legacy Advisors LLC lifted its stake in Citigroup by 10.6% in the second quarter. Legacy Advisors LLC now owns 3,887 shares of the company’s stock valued at $247,000 after buying an additional 374 shares during the period. Klingman & Associates LLC acquired a new position in Citigroup in the second quarter valued at about $206,000. Rothschild Investment LLC bought a new position in Citigroup during the second quarter worth about $209,000. Finally, Intact Investment Management Inc. grew its position in shares of Citigroup by 121.8% during the 2nd quarter. Intact Investment Management Inc. now owns 69,410 shares of the company’s stock worth $4,405,000 after buying an additional 38,110 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. Piper Sandler boosted their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Morgan Stanley raised their price target on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $68.06.

Citigroup Stock Up 1.2 %

C opened at $62.64 on Friday. The stock’s fifty day simple moving average is $62.53 and its 200 day simple moving average is $61.04. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The stock has a market cap of $119.50 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. Citigroup’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS. As a group, research analysts expect that Citigroup Inc. will post 5.82 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 3.58%. Citigroup’s dividend payout ratio is 62.75%.

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.