First Financial Bankshares Inc Has $42.52 Million Position in Citigroup Inc. (NYSE:C)

First Financial Bankshares Inc cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 679,188 shares of the company's stock after selling 15,378 shares during the quarter. First Financial Bankshares Inc's holdings in Citigroup were worth $42,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of C. Price T Rowe Associates Inc. MD raised its holdings in Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock worth $2,005,749,000 after buying an additional 17,525,484 shares during the period. Swedbank AB purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $253,286,000. Acadian Asset Management LLC boosted its stake in Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company's stock worth $158,521,000 after purchasing an additional 2,100,135 shares during the period. Caxton Associates LP grew its position in Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company's stock worth $127,453,000 after purchasing an additional 1,988,494 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Citigroup by 1,749.2% during the 1st quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company's stock valued at $82,985,000 after purchasing an additional 1,243,249 shares during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

C traded up $2.43 on Monday, hitting $64.20. 14,636,257 shares of the stock traded hands, compared to its average volume of 14,366,916. The business has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $61.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $122.45 billion, a PE ratio of 17.98, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 52 week low of $38.41 and a 52 week high of $67.81.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. On average, research analysts predict that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.49%. Citigroup's dividend payout ratio is currently 62.75%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on C shares. Barclays lifted their target price on Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, July 11th. Evercore ISI lifted 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. Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Argus boosted their target price on Citigroup from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $71.06.

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.