Citigroup Inc. (NYSE:C) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 37.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,875 shares of the company's stock after selling 19,483 shares during the period. Citigroup makes up 0.6% of Cornercap Investment Counsel Inc.'s portfolio, making the stock its 10th biggest holding. Cornercap Investment Counsel Inc.'s holdings in Citigroup were worth $2,058,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. MONECO Advisors LLC grew its stake in Citigroup by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company's stock valued at $352,000 after buying an additional 157 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in Citigroup by 4.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company's stock valued at $233,000 after buying an additional 160 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company's stock valued at $272,000 after buying an additional 164 shares during the last quarter. Legacy Capital Group California Inc. grew its position in shares of Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company's stock worth $1,053,000 after purchasing an additional 169 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Citigroup by 7.1% during the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company's stock worth $161,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on C shares. Evercore ISI increased their price objective 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. Oppenheimer increased their price objective on shares of Citigroup from $91.00 to $107.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Bank of America increased their price objective 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. Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $73.00.

Citigroup Stock Performance

Shares of NYSE C traded up $0.61 during trading on Friday, reaching $68.76. 15,301,548 shares of the company traded hands, compared to its average volume of 14,459,630. The stock has a market capitalization of $130.04 billion, a PE ratio of 19.88, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 52-week low of $44.32 and a 52-week high of $70.20. The firm has a 50 day simple moving average of $63.02 and a 200-day simple moving average of $62.54.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. 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 firm earned $1.52 earnings per share. Citigroup's quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate 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 will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.26%. Citigroup's dividend payout ratio (DPR) is currently 64.93%.

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.