Heartland Bank & Trust Co Sells 188 Shares of Citigroup Inc. $C

Heartland Bank & Trust Co cut its holdings in Citigroup Inc. (NYSE:C) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,370 shares of the company’s stock after selling 188 shares during the quarter. Heartland Bank & Trust Co’s holdings in Citigroup were worth $542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. MorganRosel Wealth Management LLC bought a new position in Citigroup in the 1st quarter valued at approximately $28,000. Accent Capital Management LLC lifted its position in Citigroup by 106.0% in the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares in the last quarter. Truvestments Capital LLC lifted its position in Citigroup by 131.6% in the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its position in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Citigroup by 805.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 525 shares of the company’s stock valued at $37,000 after acquiring an additional 467 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Peter B. Henry sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director directly owned 2,140 shares of the company’s stock, valued at approximately $193,456. This trade represents a 58.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of Citigroup stock opened at $96.18 on Tuesday. Citigroup Inc. has a one year low of $55.51 and a one year high of $105.59. The stock’s fifty day moving average is $97.09 and its 200 day moving average is $84.05. The stock has a market cap of $177.05 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.99 and a current ratio of 0.99.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company had revenue of $21.67 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same period last year, the firm earned $1.52 EPS. Citigroup’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 35.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. Wall Street Zen raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Bank of America increased their price target on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Oppenheimer lowered their price target on Citigroup from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

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.