First Interstate Bank Has $3.43 Million Position in Citigroup Inc. (NYSE:C)

First Interstate Bank trimmed its position in Citigroup Inc. (NYSE:C) by 1.2% during the second quarter, HoldingsChannel.com reports. The fund owned 54,057 shares of the company’s stock after selling 640 shares during the period. First Interstate Bank’s holdings in Citigroup were worth $3,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC raised its position in shares of Citigroup by 215.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock worth $800,000 after purchasing an additional 10,632 shares during the period. AGF Management Ltd. boosted its holdings in shares of Citigroup by 42.4% in the fourth quarter. AGF Management Ltd. now owns 34,769 shares of the company’s stock valued at $1,789,000 after buying an additional 10,360 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Citigroup by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 47,922 shares of the company’s stock valued at $2,465,000 after buying an additional 861 shares during the period. Ieq Capital LLC increased its position in shares of Citigroup by 52.3% during the fourth quarter. Ieq Capital LLC now owns 37,848 shares of the company’s stock worth $1,947,000 after acquiring an additional 12,991 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Citigroup by 18.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 13,741 shares of the company’s stock worth $707,000 after acquiring an additional 2,120 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.8 %

C stock opened at $59.54 on Tuesday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The business’s 50 day simple moving average is $62.36 and its 200 day simple moving average is $61.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $113.59 billion, a PE ratio of 16.68, a PEG ratio of 0.64 and a beta of 1.45.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. The company had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, research analysts anticipate that Citigroup Inc. will post 5.82 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were given a $0.56 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.76%. Citigroup’s dividend payout ratio is presently 62.75%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on C shares. BMO Capital Markets increased their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Oppenheimer lifted their target price on Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods upped their price target on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Morgan Stanley lifted their price objective on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Evercore ISI boosted their price objective on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.06.

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.