Citigroup Inc. $C Shares Acquired by Equitable Trust Co.

Equitable Trust Co. boosted its position in shares of Citigroup Inc. (NYSE:C) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,093 shares of the company’s stock after buying an additional 1,351 shares during the quarter. Equitable Trust Co.’s holdings in Citigroup were worth $3,413,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Secure Asset Management LLC boosted its stake in Citigroup by 3.7% during the second quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock valued at $280,000 after buying an additional 118 shares in the last quarter. Golden State Equity Partners lifted its stake in Citigroup by 0.6% in the 2nd quarter. Golden State Equity Partners now owns 21,634 shares of the company’s stock worth $1,842,000 after acquiring an additional 122 shares in the last quarter. Wedmont Private Capital lifted its stake in Citigroup by 0.5% in the 2nd quarter. Wedmont Private Capital now owns 23,706 shares of the company’s stock worth $2,034,000 after acquiring an additional 129 shares in the last quarter. RDA Financial Network raised its stake in shares of Citigroup by 3.4% during the 2nd quarter. RDA Financial Network now owns 3,940 shares of the company’s stock worth $335,000 after purchasing an additional 130 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its stake in shares of Citigroup by 6.1% during the 2nd quarter. Richardson Financial Services Inc. now owns 2,270 shares of the company’s stock worth $196,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Insider Transactions at Citigroup

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the transaction, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Stock Up 2.4%

Shares of NYSE C opened at $96.18 on Tuesday. The firm has a market capitalization of $177.05 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $105.59. The firm’s 50-day moving average is $97.09 and its 200-day moving average is $84.05.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The company had revenue of $21.67 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm earned $1.52 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s payout ratio is presently 35.45%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Citigroup from $84.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Barclays lifted their price objective on Citigroup from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. UBS Group reissued a “neutral” rating and set a $89.00 price objective on shares of Citigroup in a report on Tuesday, July 15th. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $99.68.

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.