Country Club Bank Has $16.79 Million Stock Position in Citigroup Inc. $C

Country Club Bank reduced its position in Citigroup Inc. (NYSE:C) by 27.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 162,760 shares of the company’s stock after selling 62,341 shares during the quarter. Citigroup makes up about 1.0% of Country Club Bank’s investment portfolio, making the stock its 22nd largest holding. Country Club Bank’s holdings in Citigroup were worth $16,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Brighton Jones LLC raised its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Citigroup by 5.0% during the 1st quarter. American Century Companies Inc. now owns 370,701 shares of the company’s stock worth $26,316,000 after purchasing an additional 17,753 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of Citigroup by 49.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 5,145 shares of the company’s stock worth $365,000 after purchasing an additional 1,698 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Citigroup by 5.7% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 225,376 shares of the company’s stock valued at $15,960,000 after purchasing an additional 12,091 shares in the last quarter. Finally, Capital Analysts LLC lifted its stake in shares of Citigroup by 2.1% in the 1st quarter. Capital Analysts LLC now owns 231,071 shares of the company’s stock valued at $16,404,000 after purchasing an additional 4,643 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE C opened at $111.42 on Thursday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $113.52. The company has a market cap of $199.36 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.55 and a beta of 1.21. The business’s 50 day moving average is $102.07 and its two-hundred day moving average is $95.16. 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 (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. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same quarter last year, the company posted $1.51 earnings per share. Citigroup’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

Analyst Ratings Changes

C has been the topic of several analyst reports. Piper Sandler set a $118.00 target price on shares of Citigroup in a research report on Wednesday, December 10th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.81.

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.