Chevy Chase Trust Holdings LLC Cuts Stock Position in Citigroup Inc. (NYSE:C)

Chevy Chase Trust Holdings LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,563 shares of the company’s stock after selling 18,791 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Citigroup worth $64,513,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of C. POM Investment Strategies LLC acquired a new position in Citigroup during the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Citigroup during the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Citigroup in the second quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new position in Citigroup during the 2nd quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. increased 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 valued at $36,000 after purchasing an additional 368 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on C. Oppenheimer lifted their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Bank of America increased their price objective on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Barclays boosted their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.75.

Citigroup Stock Performance

Shares of C stock opened at $70.87 on Monday. Citigroup Inc. has a 52-week low of $45.58 and a 52-week high of $71.19. The stock’s 50-day moving average price is $65.30 and its 200 day moving average price is $63.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $134.03 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. 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 prior year, the business earned $1.52 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is presently 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.