Citigroup Inc. (NYSE:C) Stock Position Lowered by Whittier Trust Co.

Whittier Trust Co. decreased its position in Citigroup Inc. (NYSE:C) by 5.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,952 shares of the company’s stock after selling 2,196 shares during the period. Whittier Trust Co.’s holdings in Citigroup were worth $2,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. AdvisorNet Financial Inc increased its holdings in shares of Citigroup by 20.3% in the 1st quarter. AdvisorNet Financial Inc now owns 8,037 shares of the company’s stock valued at $508,000 after purchasing an additional 1,357 shares during the period. Global Assets Advisory LLC purchased a new stake in Citigroup in the 1st quarter worth approximately $2,074,000. Riverview Trust Co acquired a new stake in shares of Citigroup during the 1st quarter valued at $50,000. First Financial Corp IN grew its holdings in shares of Citigroup by 116.3% during the 1st quarter. First Financial Corp IN now owns 1,324 shares of the company’s stock valued at $84,000 after acquiring an additional 712 shares in the last quarter. Finally, RMR Wealth Builders increased its stake in shares of Citigroup by 2.8% in the first quarter. RMR Wealth Builders now owns 10,686 shares of the company’s stock worth $676,000 after acquiring an additional 296 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

Shares of NYSE C opened at $63.55 on Wednesday. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81. The company has a market cap of $121.22 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.74 and a beta of 1.44. The business’s 50 day moving average is $61.43 and its two-hundred day moving average is $61.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on C shares. BMO Capital Markets lifted 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 dropped their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Argus lifted their target price on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Evercore ISI increased their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Bank of America lifted their price objective on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.06.

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.