Somerset Trust Co Sells 786 Shares of Citigroup Inc. (NYSE:C)

Somerset Trust Co lessened its holdings in Citigroup Inc. (NYSE:CFree Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,484 shares of the company’s stock after selling 786 shares during the quarter. Somerset Trust Co’s holdings in Citigroup were worth $848,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in Citigroup during the third quarter worth $25,000. SkyView Investment Advisors LLC acquired a new position in shares of Citigroup in the first quarter valued at $28,000. Union Savings Bank acquired a new position in shares of Citigroup in the second quarter valued at $30,000. GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 73.8% in the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of Citigroup by 75.0% in the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of several research reports. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Piper Sandler upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $56.00 to $63.00 in a report on Wednesday, February 14th. The Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Thursday. Barclays upped their price target on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Oppenheimer upped their price target on shares of Citigroup from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $57.97.

View Our Latest Report on Citigroup

Citigroup Price Performance

C traded up $0.53 on Friday, hitting $57.62. 26,161,192 shares of the stock were exchanged, compared to its average volume of 17,618,707. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $58.67. The business has a 50-day moving average of $54.77 and a two-hundred day moving average of $47.82. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $110.13 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.59 and a beta of 1.50.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($1.89). The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Sell-side analysts forecast that Citigroup Inc. will post 5.88 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were issued a $0.53 dividend. The ex-dividend date was Friday, February 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.68%. Citigroup’s dividend payout ratio (DPR) is currently 53.13%.

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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