Greenleaf Trust Has $1.37 Million Holdings in Citigroup Inc. (NYSE:C)

Greenleaf Trust raised its holdings in shares of Citigroup Inc. (NYSE:C) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,921 shares of the company’s stock after buying an additional 205 shares during the quarter. Greenleaf Trust’s holdings in Citigroup were worth $1,372,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Aspiriant LLC bought a new stake in shares of Citigroup during the first quarter valued at approximately $219,000. Wealthcare Advisory Partners LLC increased its position in shares of Citigroup by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 20,147 shares of the company’s stock valued at $1,274,000 after purchasing an additional 1,449 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Citigroup by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 116,728 shares of the company’s stock valued at $7,382,000 after purchasing an additional 4,132 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Citigroup by 11.4% during the first quarter. Atlantic Union Bankshares Corp now owns 20,909 shares of the company’s stock valued at $1,322,000 after purchasing an additional 2,137 shares during the period. Finally, AMF Tjanstepension AB bought a new stake in shares of Citigroup during the first quarter valued at approximately $11,246,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of C stock opened at $62.99 on Friday. The stock’s fifty day moving average is $61.62 and its 200-day moving average is $61.95. 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 $120.15 billion, a PE ratio of 17.64, a PEG ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 62.75%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of research reports. Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets boosted their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Argus upped their price target on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Oppenheimer lowered their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.06.

About Citigroup

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.