Canandaigua National Bank & Trust Co. Sells 531 Shares of Citigroup Inc. (NYSE:C)

Canandaigua National Bank & Trust Co. lessened its stake in Citigroup Inc. (NYSE:C) by 3.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,598 shares of the company’s stock after selling 531 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Citigroup were worth $1,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in C. Northwest Investment Counselors LLC acquired a new stake in Citigroup during the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the 2nd quarter valued at $31,000. Legacy Investment Solutions LLC bought a new position in Citigroup during the third quarter worth $31,000. Strategic Financial Concepts LLC boosted its position in Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after acquiring an additional 48,484 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 2.5 %

Shares of C stock opened at $72.74 on Tuesday. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $73.99. The company has a 50-day simple moving average of $69.50 and a two-hundred day simple moving average of $64.74. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $137.57 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period last year, the business posted $1.52 earnings per share. Citigroup’s revenue was up .9% on a year-over-year basis. Research analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.08%. Citigroup’s payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

C has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group boosted their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Oppenheimer decreased their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday. Keefe, Bruyette & Woods raised their target price on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $95.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.43.

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.