US Bancorp DE Has $31.76 Million Position in Citigroup Inc. (NYSE:C)

US Bancorp DE lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 507,375 shares of the company's stock after selling 11,645 shares during the quarter. US Bancorp DE's holdings in Citigroup were worth $31,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in C. Palumbo Wealth Management LLC bought a new position in Citigroup during the third quarter valued at about $297,000. Catalyst Financial Partners LLC increased its holdings in shares of Citigroup by 6.9% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,697 shares of the company's stock valued at $294,000 after acquiring an additional 305 shares during the last quarter. Tevis Investment Management raised its stake in shares of Citigroup by 3.2% in the 3rd quarter. Tevis Investment Management now owns 20,396 shares of the company's stock valued at $1,277,000 after acquiring an additional 631 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in Citigroup in the 3rd quarter worth approximately $398,000. Finally, Solidarity Wealth LLC boosted its position in Citigroup by 6.7% during the third quarter. Solidarity Wealth LLC now owns 38,583 shares of the company's stock worth $2,415,000 after purchasing an additional 2,409 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 16th. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Oppenheimer lowered their price objective on shares of Citigroup from $92.00 to $91.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 16th. Finally, Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.06.

Citigroup Price Performance

NYSE:C traded down $0.46 during trading hours on Friday, reaching $63.71. The company had a trading volume of 11,557,690 shares, compared to its average volume of 14,323,738. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a 50-day moving average of $61.97 and a two-hundred day moving average of $62.13. Citigroup Inc. has a one year low of $39.93 and a one year high of $67.81. The firm has a market capitalization of $121.55 billion, a PE ratio of 18.47, a PEG ratio of 0.72 and a beta of 1.44.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The business 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%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Analysts forecast that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, November 4th. Citigroup's payout ratio is currently 64.93%.

Citigroup Company 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.