Trust Point Inc. Has $954,000 Holdings in Citigroup Inc. (NYSE:C)

Trust Point Inc. reduced its position in Citigroup Inc. (NYSE:C) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,560 shares of the company’s stock after selling 1,282 shares during the quarter. Trust Point Inc.’s holdings in Citigroup were worth $954,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB bought a new stake in shares of Citigroup in the 3rd quarter valued at $4,607,000. Czech National Bank grew its holdings in Citigroup by 6.9% in the third quarter. Czech National Bank now owns 388,638 shares of the company’s stock worth $24,329,000 after purchasing an additional 25,158 shares during the period. GAMMA Investing LLC increased its stake in Citigroup by 15.3% in the third quarter. GAMMA Investing LLC now owns 27,073 shares of the company’s stock valued at $1,695,000 after purchasing an additional 3,601 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Citigroup by 1.8% during the third quarter. Fulton Bank N.A. now owns 14,242 shares of the company’s stock valued at $892,000 after purchasing an additional 258 shares during the period. Finally, Aprio Wealth Management LLC bought a new position in shares of Citigroup during the 3rd quarter worth about $205,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.4 %

Shares of NYSE:C opened at $78.52 on Wednesday. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77. The company has a market capitalization of $148.50 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. The business has a fifty day moving average price of $74.02 and a two-hundred day moving average price of $66.83. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post 7.51 earnings per share for the current year.

Citigroup declared that its board has authorized a stock repurchase program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.85%. Citigroup’s payout ratio is presently 37.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on C shares. Bank of America upped their price target on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer cut their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $95.00 in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

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.