Diversified Trust Co Boosts Stake in Citigroup Inc. (NYSE:C)

Diversified Trust Co grew its holdings in shares of Citigroup Inc. (NYSE:C) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,601 shares of the company’s stock after acquiring an additional 370 shares during the period. Diversified Trust Co’s holdings in Citigroup were worth $6,307,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Inspire Trust Co. N.A. grew its stake in Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after purchasing an additional 20,000 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Citigroup by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after acquiring an additional 8,301 shares in the last quarter. KBC Group NV increased its holdings in shares of Citigroup by 1.8% in the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Citigroup by 4.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after acquiring an additional 18,278 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in Citigroup by 8.6% in the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock worth $21,210,000 after purchasing an additional 26,882 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock traded up $1.15 during trading hours on Tuesday, hitting $73.89. The company had a trading volume of 6,248,579 shares, compared to its average volume of 11,444,108. The firm’s fifty day moving average is $69.50 and its 200 day moving average is $64.74. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.21. The firm has a market capitalization of $139.75 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. On average, sell-side analysts predict that Citigroup Inc. will post 5.86 EPS for the current fiscal 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 3.03%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Truist Financial began coverage on shares of Citigroup in a report on Tuesday. They issued a “buy” rating and a $85.00 target price on the stock. Piper Sandler upped their target price on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Bank of America boosted their price objective on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company upped their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $79.80.

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.