Fulton Bank N.A. Cuts Holdings in Citigroup Inc. (NYSE:C)

Fulton Bank N.A. lessened its position in shares of Citigroup Inc. (NYSE:C) by 12.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,497 shares of the company’s stock after selling 1,745 shares during the quarter. Fulton Bank N.A.’s holdings in Citigroup were worth $880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in Citigroup during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup during the second quarter worth about $31,000. Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the third quarter worth about $31,000. Strategic Financial Concepts LLC grew its stake in shares of Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after buying an additional 48,484 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after buying an additional 368 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Citigroup in a research report on Tuesday. They issued a “buy” rating and a $85.00 price objective for the company. Bank of America boosted their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company raised their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their price objective on Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Trading Down 0.6 %

Citigroup stock opened at $73.23 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 1 year low of $50.51 and a 1 year high of $74.29. The firm’s 50-day moving average is $70.03 and its 200-day moving average is $64.95. The company has a market cap of $138.50 billion, a P/E ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last issued its 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 in the previous year, the firm posted $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

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.