Stock Yards Bank & Trust Co. Sells 2,005 Shares of Citigroup Inc. (NYSE:C)

Stock Yards Bank & Trust Co. trimmed its position in shares of Citigroup Inc. (NYSE:C) by 28.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,081 shares of the company’s stock after selling 2,005 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Citigroup were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at $32,000. Blue Trust Inc. increased its holdings in shares of Citigroup by 240.6% in the second quarter. Blue Trust Inc. now owns 7,275 shares of the company’s stock worth $460,000 after purchasing an additional 5,139 shares during the period. Gradient Investments LLC raised its position in shares of Citigroup by 15.5% in the second quarter. Gradient Investments LLC now owns 6,309 shares of the company’s stock worth $400,000 after buying an additional 848 shares in the last quarter. Everpar Advisors LLC boosted its stake in Citigroup by 3.5% during the second quarter. Everpar Advisors LLC now owns 5,256 shares of the company’s stock valued at $334,000 after buying an additional 180 shares during the period. Finally, OFI Invest Asset Management grew its position in Citigroup by 51.5% during the second quarter. OFI Invest Asset Management now owns 1,068 shares of the company’s stock worth $63,000 after buying an additional 363 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Oppenheimer raised their target price 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 objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America upped their target price on shares of Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI increased their price objective on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

Citigroup Trading Down 0.6 %

Citigroup stock opened at $71.01 on Friday. Citigroup Inc. has a one year low of $49.17 and a one year high of $73.38. The business’s fifty day moving average is $67.28 and its 200 day moving average is $63.65. The stock has a market capitalization of $134.30 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45. 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 issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $19.86 billion. During the same quarter last year, the company posted $1.52 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.15%. Citigroup’s payout ratio is 64.93%.

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.