Citigroup Inc. (NYSE:C) Position Lowered by Terril Brothers Inc.

Terril Brothers Inc. cut its position in Citigroup Inc. (NYSE:C) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,596 shares of the company’s stock after selling 3,215 shares during the period. Citigroup accounts for 9.6% of Terril Brothers Inc.’s investment portfolio, making the stock its 3rd largest holding. Terril Brothers Inc.’s holdings in Citigroup were worth $26,818,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at $25,000. Beacon Capital Management LLC boosted its holdings in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at $32,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup in the 4th quarter valued at $29,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Citigroup by 93.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock valued at $36,000 after buying an additional 276 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.2 %

C stock opened at $58.39 on Tuesday. The company has a fifty day moving average of $61.68 and a 200-day moving average of $61.40. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $111.38 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. As a group, analysts expect that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. Argus upped their target price on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group lowered their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Royal Bank of Canada increased their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Piper Sandler increased their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Oppenheimer increased their price target on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.25.

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.