Citigroup Inc. (NYSE:C) Holdings Decreased by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA trimmed its stake in Citigroup Inc. (NYSE:C) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,051 shares of the company’s stock after selling 454 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Citigroup were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the stock. POM Investment Strategies LLC acquired a new position in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in Citigroup during the third quarter valued at about $28,000. Beacon Capital Management LLC increased its stake in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup during the 2nd quarter valued at approximately $31,000. Finally, Triad Wealth Partners LLC bought a new position in Citigroup in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on C. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Bank of America upped their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Citigroup Stock Up 0.6 %

Shares of Citigroup stock traded up $0.45 on Wednesday, reaching $70.20. 1,506,732 shares of the company were exchanged, compared to its average volume of 14,379,022. Citigroup Inc. has a one year low of $44.56 and a one year high of $71.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average of $64.77 and a 200 day moving average of $62.94. The company has a market capitalization of $132.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.79 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is 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.