Diversified Trust Co Acquires 370 Shares of Citigroup Inc. (NYSE:C)

Diversified Trust Co boosted its stake in Citigroup Inc. (NYSE:C) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 89,601 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Diversified Trust Co’s holdings in Citigroup were worth $6,307,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Citigroup during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC boosted its holdings in shares of Citigroup by 1,139.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after buying an additional 48,484 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 1.6 %

C stock traded up $1.15 during trading on Tuesday, reaching $73.89. 6,248,579 shares of the stock traded hands, compared to its average volume of 11,444,108. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $74.21. The business’s 50 day moving average price is $69.50 and its 200-day moving average price is $64.74. The firm has a market capitalization of $139.75 billion, a PE ratio of 21.42, a P/E/G ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on C. Wells Fargo & Company upped their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Oppenheimer reduced their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley reduced their target price on 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 $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.80.

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.