Citigroup Inc. (NYSE:C) Stock Position Lifted by Hancock Whitney Corp

Hancock Whitney Corp grew its position in Citigroup Inc. (NYSE:C) by 7.4% in the third quarter, Holdings Channel.com reports. The fund owned 5,544 shares of the company’s stock after buying an additional 382 shares during the period. Hancock Whitney Corp’s holdings in Citigroup were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in C. POM Investment Strategies LLC acquired a new stake in Citigroup during the second quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup during the 3rd quarter worth approximately $28,000. Beacon Capital Management LLC boosted its position in Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Citigroup during the 2nd quarter worth $31,000. Finally, Triad Wealth Partners LLC bought a new position in Citigroup during the 2nd quarter worth $32,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of Citigroup stock opened at $70.16 on Thursday. Citigroup Inc. has a 52 week low of $44.56 and a 52 week high of $71.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock has a market cap of $132.69 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company’s 50-day moving average price is $64.98 and its two-hundred day moving average price is $62.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on C. Evercore ISI boosted their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Morgan Stanley reduced 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. Oppenheimer raised their price target on shares of Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America increased their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.