Citigroup Inc. (NYSE:C) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services reduced its stake in shares of Citigroup Inc. (NYSE:C) by 5.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,822 shares of the company’s stock after selling 683 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Citigroup were worth $677,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after acquiring an additional 23,774 shares in the last quarter. BDF Gestion purchased a new stake in shares of Citigroup during the 2nd quarter worth about $3,861,000. Advisory Services Network LLC boosted its stake in shares of Citigroup by 23.8% during the 1st quarter. Advisory Services Network LLC now owns 66,509 shares of the company’s stock worth $4,206,000 after acquiring an additional 12,795 shares in the last quarter. Finally, Chesley Taft & Associates LLC purchased a new stake in shares of Citigroup during the 2nd quarter worth about $735,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on C shares. BMO Capital Markets raised their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Piper Sandler raised their price target on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Argus raised their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Trading Down 1.1 %

Citigroup stock traded down $0.71 during trading on Monday, hitting $63.00. The company had a trading volume of 1,938,312 shares, compared to its average volume of 14,265,654. Citigroup Inc. has a 1-year low of $41.28 and a 1-year 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. The company’s 50 day simple moving average is $61.97 and its 200-day simple moving average is $62.16. The stock has a market cap of $120.19 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a dividend yield of 3.56%. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

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.