Hancock Whitney Corp Raises Holdings in Citigroup Inc. (NYSE:C)

Hancock Whitney Corp lifted its holdings in Citigroup Inc. (NYSE:C) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,544 shares of the company’s stock after buying an additional 382 shares during the quarter. Hancock Whitney Corp’s holdings in Citigroup were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. POM Investment Strategies LLC purchased a new position in Citigroup in the second quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup in the 3rd quarter valued at approximately $28,000. Beacon Capital Management LLC raised its holdings in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup during the second quarter worth $31,000. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup in the second quarter valued at $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $70.16 on Thursday. The firm has a market capitalization of $132.69 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a 50 day moving average price of $64.98 and a 200 day moving average price of $62.99. Citigroup Inc. has a one year low of $44.56 and a one year high of $71.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. Citigroup’s dividend payout ratio is currently 64.93%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America boosted 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. Evercore ISI increased their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Oppenheimer lifted their price objective on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their target price on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average 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.