Greenfield Savings Bank Lowers Holdings in Citigroup Inc. (NYSE:C)

Greenfield Savings Bank cut its position in shares of Citigroup Inc. (NYSE:C) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,430 shares of the company’s stock after selling 1,116 shares during the quarter. Greenfield Savings Bank’s holdings in Citigroup were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. increased its position in shares of Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock valued at $1,998,976,000 after acquiring an additional 4,680,713 shares during the last quarter. Caxton Associates LP raised its stake in Citigroup by 96.1% in the second quarter. Caxton Associates LP now owns 3,952,428 shares of the company’s stock valued at $250,821,000 after buying an additional 1,937,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Citigroup by 70.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,531,827 shares of the company’s stock worth $283,692,000 after purchasing an additional 1,865,628 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Citigroup by 32.2% in the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company’s stock valued at $501,994,000 after buying an additional 1,731,527 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Citigroup by 9.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company’s stock worth $981,347,000 after buying an additional 1,404,120 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Up 2.2 %

Shares of C stock opened at $72.94 on Tuesday. The stock has a 50 day moving average of $70.40 and a 200-day moving average of $65.15. The firm has a market cap of $137.95 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12 month low of $50.51 and a 12 month high of $74.29.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 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 business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Citigroup’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.07%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

Several analysts have recently weighed in on C shares. Bank of America lifted their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price target on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial began coverage on Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.13.

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.