Berkshire Bank Has $2.07 Million Position in Citigroup Inc. (NYSE:C)

Berkshire Bank increased its holdings in Citigroup Inc. (NYSE:C) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,449 shares of the company’s stock after buying an additional 322 shares during the quarter. Berkshire Bank’s holdings in Citigroup were worth $2,067,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of C. Guyasuta Investment Advisors Inc. grew its position in shares of Citigroup by 0.8% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 18,585 shares of the company’s stock valued at $1,315,000 after acquiring an additional 155 shares during the period. Arjuna Capital boosted its holdings in Citigroup by 1.5% in the 2nd quarter. Arjuna Capital now owns 10,330 shares of the company’s stock valued at $730,000 after purchasing an additional 156 shares during the period. Cooper Financial Group boosted its holdings in Citigroup by 2.1% in the 3rd quarter. Cooper Financial Group now owns 7,732 shares of the company’s stock valued at $543,000 after purchasing an additional 159 shares during the period. Lee Financial Co boosted its holdings in Citigroup by 44.1% in the 2nd quarter. Lee Financial Co now owns 526 shares of the company’s stock valued at $37,000 after purchasing an additional 161 shares during the period. Finally, Wakefield Asset Management LLLP boosted its holdings in Citigroup by 1.3% in the 2nd quarter. Wakefield Asset Management LLLP now owns 12,544 shares of the company’s stock valued at $887,000 after purchasing an additional 162 shares during the period. 75.03% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Citigroup from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. BMO Capital Markets boosted their price objective on shares of Citigroup from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 15th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their target price on shares of Citigroup from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, October 11th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $81.15.

In related news, CEO Cantu Ernesto Torres sold 27,783 shares of the stock in a transaction on Tuesday, October 19th. The shares were sold at an average price of $72.50, for a total transaction of $2,014,267.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

Shares of NYSE:C traded down $0.79 during trading on Thursday, reaching $67.28. The stock had a trading volume of 14,973,241 shares, compared to its average volume of 19,560,199. The firm’s fifty day moving average is $69.79 and its 200 day moving average is $71.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a 52 week low of $54.99 and a 52 week high of $80.29. The stock has a market cap of $136.36 billion, a price-to-earnings ratio of 6.29, a P/E/G ratio of 0.49 and a beta of 1.84.

Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 14th. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.23. Citigroup had a net margin of 29.23% and a return on equity of 13.12%. The company had revenue of $17.15 billion for the quarter, compared to analyst estimates of $16.93 billion. During the same period in the prior year, the firm posted $1.40 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, research analysts forecast that Citigroup Inc. will post 10.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Monday, November 1st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, October 29th. Citigroup’s dividend payout ratio is currently 19.07%.

Citigroup Profile

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

Read More: What is a Swap?

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.