Trustmark National Bank Trust Department grew its holdings in Citigroup Inc (NYSE:C) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,796 shares of the financial services provider’s stock after acquiring an additional 2,716 shares during the quarter. Citigroup accounts for about 0.9% of Trustmark National Bank Trust Department’s investment portfolio, making the stock its 23rd largest holding. Trustmark National Bank Trust Department’s holdings in Citigroup were worth $8,132,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Catamount Wealth Management bought a new position in Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake 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 valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC grew its stake in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC grew its stake 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 valued at $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup in the second quarter valued at approximately $123,000. Institutional investors own 78.53% of the company’s stock.
Citigroup Inc (C) traded up $0.50 during trading on Friday, reaching $77.89. The company’s stock had a trading volume of 6,372,369 shares, compared to its average volume of 16,460,000. Citigroup Inc has a 12-month low of $55.23 and a 12-month high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $205,970.00, a price-to-earnings ratio of -26.95, a PEG ratio of 1.21 and a beta of 1.56.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the company earned $1.14 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities analysts expect that Citigroup Inc will post 6.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. Citigroup’s dividend payout ratio (DPR) is presently -44.29%.
A number of analysts have recently issued reports on the company. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays raised their price objective on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $79.30.
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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.
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