Citigroup Inc. $C Shares Sold by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc reduced its holdings in Citigroup Inc. (NYSE:C) by 94.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,353 shares of the company’s stock after selling 74,241 shares during the quarter. Grant Private Wealth Management Inc’s holdings in Citigroup were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after buying an additional 1,148,451 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock valued at $2,917,794,000 after purchasing an additional 2,539,769 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Citigroup by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after purchasing an additional 988,152 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on C shares. Truist Financial upped their price objective on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Oppenheimer reduced their price target on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research report on Wednesday, December 10th. Dbs Bank downgraded shares of Citigroup from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $108.00 target price on shares of Citigroup in a research report on Monday, November 24th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.47.

Citigroup Trading Down 1.2%

Shares of NYSE:C opened at $111.43 on Wednesday. The firm has a fifty day moving average of $101.78 and a two-hundred day moving average of $95.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $113.52. The firm has a market capitalization of $199.37 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, November 3rd. Citigroup’s payout ratio is currently 33.71%.

Citigroup Company 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.