Compagnie Lombard Odier SCmA Sells 2,263 Shares of Citigroup Inc. (NYSE:C)

Compagnie Lombard Odier SCmA lessened its stake in Citigroup Inc. (NYSE:C) by 39.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,540 shares of the company’s stock after selling 2,263 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Citigroup were worth $222,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup in the 2nd quarter valued at $25,000. Beacon Capital Management LLC grew its stake in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter worth about $31,000. Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC lifted its stake in Citigroup by 1,139.7% in the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock valued at $33,000 after buying an additional 48,484 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on C. Piper Sandler lifted their price objective on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets increased their price objective on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Argus upped their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Royal Bank of Canada boosted their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Citigroup Stock Up 3.6 %

NYSE C opened at $65.74 on Monday. The business has a fifty day moving average price of $60.66 and a two-hundred day moving average price of $61.88. The stock has a market capitalization of $125.42 billion, a PE ratio of 18.41, a PEG ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s dividend payout ratio is presently 62.75%.

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.