Capital Management Corp VA Has $7.27 Million Stock Position in Citigroup Inc. (NYSE:C)

Capital Management Corp VA cut its stake in shares of Citigroup Inc. (NYSE:C) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,149 shares of the company’s stock after selling 7,650 shares during the quarter. Capital Management Corp VA’s holdings in Citigroup were worth $7,271,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. POM Investment Strategies LLC bought a new stake in Citigroup during the second quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at about $28,000. Beacon Capital Management LLC boosted its position in shares of Citigroup by 85.5% during the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Citigroup in the second quarter worth approximately $31,000. Finally, Triad Wealth Partners LLC acquired a new position in Citigroup in the second quarter valued at approximately $32,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $62.35 on Tuesday. The stock has a 50 day moving average of $61.98 and a 200 day moving average of $62.19. The company has a market capitalization of $118.95 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.71 and a beta of 1.44. Citigroup Inc. has a 12 month low of $41.28 and a 12 month high of $67.81. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.87 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.59%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on C. BMO Capital Markets boosted their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Bank of America raised their target price on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler upped their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Morgan Stanley reduced their price objective 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, Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

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.