Moody National Bank Trust Division Has $3.25 Million Stock Position in Citigroup Inc. (NYSE:C)

Moody National Bank Trust Division lessened its position in Citigroup Inc. (NYSE:C) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,204 shares of the company’s stock after selling 2,262 shares during the quarter. Moody National Bank Trust Division’s holdings in Citigroup were worth $3,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Northwest Investment Counselors LLC acquired a new position in Citigroup during the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter valued at about $31,000. Legacy Investment Solutions LLC acquired a new stake in Citigroup during the third quarter worth about $31,000. GHP Investment Advisors Inc. raised its holdings in Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 368 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Citigroup by 69.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.8 %

Shares of C traded up $0.60 during trading hours on Monday, hitting $72.00. 7,383,246 shares of the stock traded hands, compared to its average volume of 13,251,920. The business has a fifty day moving average of $70.19 and a 200-day moving average of $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. The firm has a market capitalization of $136.17 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the company earned $1.52 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The company 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. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

C has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target on the stock. Evercore ISI boosted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

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.