Citigroup Inc. (NYSE:C) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC grew its holdings in Citigroup Inc. (NYSE:C) by 49.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,460 shares of the company’s stock after purchasing an additional 7,392 shares during the quarter. Ballentine Partners LLC’s holdings in Citigroup were worth $1,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. POM Investment Strategies LLC purchased a new position in Citigroup in the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup in the third quarter valued at $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 purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in Citigroup during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler increased their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Morgan Stanley decreased their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Stock Performance

Shares of Citigroup stock opened at $61.76 on Friday. 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. The firm’s fifty day simple moving average is $61.67 and its 200-day simple moving average is $61.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81.

Citigroup (NYSE:C) last announced its earnings results 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 the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. As a group, equities analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

Citigroup Announces Dividend

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

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.