Atlantic Union Bankshares Corp Has $2.17 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Atlantic Union Bankshares Corp grew its position in shares of Citigroup Inc. (NYSE:C) by 15.4% in the third quarter, HoldingsChannel reports. The fund owned 34,598 shares of the company’s stock after acquiring an additional 4,630 shares during the period. Atlantic Union Bankshares Corp’s holdings in Citigroup were worth $2,166,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. POM Investment Strategies LLC bought a new position in shares of Citigroup in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in Citigroup during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in Citigroup in the second quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 1.0 %

C stock opened at $70.87 on Friday. The business’s fifty day moving average price is $65.30 and its two-hundred day moving average price is $63.10. The stock has a market capitalization of $134.03 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $45.58 and a fifty-two week high of $71.19. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a yield of 3.16%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on C shares. Oppenheimer raised their target price on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI upped their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Barclays lifted their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley dropped their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

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.