AMG National Trust Bank Has $5.74 Million Holdings in Citigroup Inc. (NYSE:C)

AMG National Trust Bank decreased its position in Citigroup Inc. (NYSE:C) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,618 shares of the company’s stock after selling 3,026 shares during the quarter. AMG National Trust Bank’s holdings in Citigroup were worth $5,735,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of C. POM Investment Strategies LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at $28,000. Beacon Capital Management LLC lifted its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup in the 2nd quarter valued at about $31,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Citigroup during the 2nd quarter worth about $32,000. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on C shares. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America lifted their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley cut their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Citigroup Price Performance

Citigroup stock opened at $68.76 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $130.04 billion, a P/E ratio of 19.93, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The business has a fifty day moving average price of $63.21 and a 200-day moving average price of $62.61.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

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.