Atlantic Union Bankshares Corp Has $1.32 Million Stake in Citigroup Inc. (NYSE:C)

Atlantic Union Bankshares Corp boosted its position in Citigroup Inc. (NYSE:C) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,909 shares of the company’s stock after buying an additional 2,137 shares during the period. Atlantic Union Bankshares Corp’s holdings in Citigroup were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tejara Capital Ltd acquired a new position in shares of Citigroup during the third quarter valued at about $18,768,000. Tower Research Capital LLC TRC raised its holdings in shares of Citigroup by 30.7% during the third quarter. Tower Research Capital LLC TRC now owns 65,765 shares of the company’s stock valued at $2,705,000 after purchasing an additional 15,434 shares during the period. Morningstar Investment Services LLC raised its holdings in shares of Citigroup by 1.7% during the third quarter. Morningstar Investment Services LLC now owns 161,814 shares of the company’s stock valued at $6,667,000 after purchasing an additional 2,666 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of Citigroup by 5.2% during the third quarter. CWA Asset Management Group LLC now owns 13,915 shares of the company’s stock valued at $572,000 after purchasing an additional 689 shares during the period. Finally, Sherbrooke Park Advisers LLC raised its holdings in shares of Citigroup by 221.0% during the third quarter. Sherbrooke Park Advisers LLC now owns 22,472 shares of the company’s stock valued at $924,000 after purchasing an additional 15,472 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. HSBC upped their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Morgan Stanley restated an “overweight” rating and issued a $65.00 target price on shares of Citigroup in a report on Thursday, June 20th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Finally, StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Citigroup Stock Up 3.2 %

Citigroup stock opened at $63.49 on Friday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $64.98. The firm has a 50 day moving average price of $62.06 and a 200-day moving average price of $57.86. The company has a market capitalization of $121.10 billion, a P/E ratio of 18.78, a P/E/G ratio of 0.94 and a beta of 1.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. As a group, equities analysts predict that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s payout ratio is currently 62.72%.

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.