Atlantic Union Bankshares Corp Has $2.17 Million Stock Position in Citigroup Inc. (NYSE:C)

Atlantic Union Bankshares Corp raised its position in Citigroup Inc. (NYSE:C) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,598 shares of the company’s stock after buying an additional 4,630 shares during the period. Atlantic Union Bankshares Corp’s holdings in Citigroup were worth $2,166,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in C. POM Investment Strategies LLC acquired a new stake in shares of Citigroup in the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the second quarter worth about $31,000. Triad Wealth Partners LLC bought a new position in shares of Citigroup in the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after purchasing an additional 48,484 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on C shares. Evercore ISI increased their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Morgan Stanley decreased their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Bank of America raised their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Citigroup Stock Performance

C stock opened at $70.87 on Friday. Citigroup Inc. has a 1-year low of $45.58 and a 1-year high of $71.19. 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 firm has a market cap of $134.03 billion, a PE ratio of 20.54, a P/E/G ratio of 0.78 and a beta of 1.44. The business’s 50-day moving average price is $65.30 and its two-hundred day moving average price is $63.10.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. As a group, research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is 64.93%.

Citigroup 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.