CNB Bank Has $689,000 Holdings in Citigroup Inc (C)

CNB Bank lifted its stake in shares of Citigroup Inc (NYSE:C) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,080 shares of the financial services provider’s stock after purchasing an additional 1,927 shares during the period. CNB Bank’s holdings in Citigroup were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in C. Evolution Wealth Advisors LLC purchased a new stake in Citigroup during the 4th quarter valued at about $29,000. Larson Financial Group LLC purchased a new stake in Citigroup during the 4th quarter valued at about $29,000. Signet Investment Advisory Group Inc. purchased a new stake in Citigroup during the 4th quarter valued at about $32,000. Blume Capital Management Inc. grew its stake in Citigroup by 4,615.4% during the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 600 shares in the last quarter. Finally, Acima Private Wealth LLC purchased a new stake in Citigroup during the 4th quarter valued at about $33,000. 71.28% of the stock is owned by institutional investors and hedge funds.

Citigroup stock opened at $70.41 on Tuesday. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $181.63 billion, a PE ratio of 10.59, a PEG ratio of 0.77 and a beta of 1.71.

Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc will post 7.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.56%. Citigroup’s dividend payout ratio (DPR) is 27.07%.

In other news, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. In the last three months, insiders sold 42,420 shares of company stock valued at $2,870,923. Corporate insiders own 0.09% of the company’s stock.

Several brokerages recently issued reports on C. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, April 29th. Wells Fargo & Co set a $90.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Friday. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. UBS Group upped their price objective on shares of Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley upped their price objective on shares of Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.29.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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