First National Bank of Hutchinson Buys New Position in Citigroup Inc. (C)

First National Bank of Hutchinson bought a new stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,882 shares of the financial services provider’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Catamount Wealth Management purchased a new position in Citigroup in the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. raised its holdings in Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the last quarter. Balentine LLC raised its holdings in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Inc. (NYSE:C) traded up $0.20 on Friday, hitting $75.18. 2,793,815 shares of the company’s stock were exchanged, compared to its average volume of 16,899,846. The company has a market capitalization of $199,463.52, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.48 and a beta of 1.55. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. equities research analysts expect that Citigroup Inc. will post 5.31 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, November 3rd. Citigroup’s dividend payout ratio (DPR) is presently 24.66%.

C has been the subject of several recent analyst reports. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, Jefferies Group set a $81.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $75.83.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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