CHICAGO TRUST Co NA Sells 228 Shares of Citigroup Inc. (NYSE:C)

CHICAGO TRUST Co NA lowered its stake in shares of Citigroup Inc. (NYSE:C) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,052 shares of the company’s stock after selling 228 shares during the period. CHICAGO TRUST Co NA’s holdings in Citigroup were worth $2,045,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Inspire Trust Co. N.A. raised its position in Citigroup by 34.8% in the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after purchasing an additional 20,000 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Citigroup by 2.4% during the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock valued at $22,236,000 after purchasing an additional 8,301 shares during the last quarter. KBC Group NV boosted its stake in Citigroup by 1.8% in the third quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after acquiring an additional 20,291 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after acquiring an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Citigroup by 8.6% in the third quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after acquiring an additional 26,882 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Price Performance

C stock traded up $0.18 during trading on Monday, reaching $71.58. 4,801,761 shares of the company were exchanged, compared to its average volume of 12,876,754. The company has a 50-day moving average of $70.19 and a two-hundred day moving average of $65.07. The company has a market capitalization of $135.38 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a twelve month low of $50.51 and a twelve month high of $74.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last released 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. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. As a group, equities analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on C shares. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.13.

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.