Glenview Trust co Grows Position in Citigroup Inc. $C

Glenview Trust co boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,843 shares of the company’s stock after acquiring an additional 12,906 shares during the period. Glenview Trust co’s holdings in Citigroup were worth $22,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. FAS Wealth Partners Inc. bought a new stake in shares of Citigroup in the 2nd quarter valued at about $235,000. BNP Paribas increased its holdings in Citigroup by 2.9% during the second quarter. BNP Paribas now owns 20,459 shares of the company’s stock valued at $1,746,000 after buying an additional 583 shares during the period. Frisch Financial Group Inc. purchased a new position in Citigroup during the second quarter valued at approximately $235,000. NewEdge Advisors LLC raised its stake in Citigroup by 50.5% in the second quarter. NewEdge Advisors LLC now owns 195,867 shares of the company’s stock worth $16,672,000 after buying an additional 65,700 shares in the last quarter. Finally, Azora Capital LP purchased a new stake in Citigroup during the second quarter worth $52,092,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $111.28 on Thursday. The business has a fifty day moving average of $100.63 and a 200 day moving average of $93.86. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $111.91. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $199.11 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were given a $0.60 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio is currently 33.71%.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Truist Financial raised their price objective on Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group restated a “buy” rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Piper Sandler set a $118.00 price objective on shares of Citigroup in a research note on Wednesday. Barclays increased their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.23.

About Citigroup

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.