Citigroup Inc (NYSE:C) Shares Purchased by First National Bank of Omaha

First National Bank of Omaha increased its stake in shares of Citigroup Inc (NYSE:C) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,770 shares of the financial services provider’s stock after purchasing an additional 270 shares during the quarter. First National Bank of Omaha’s holdings in Citigroup were worth $675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of C. Personal Wealth Partners acquired a new stake in Citigroup in the second quarter valued at $27,000. Centaurus Financial Inc. lifted its holdings in Citigroup by 95.1% in the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 835 shares during the period. Mcmillion Capital Management Inc. acquired a new stake in Citigroup in the second quarter valued at $31,000. Garrett Wealth Advisory Group LLC acquired a new stake in Citigroup in the third quarter valued at $33,000. Finally, Bray Capital Advisors lifted its holdings in Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 350 shares during the period. 76.63% of the stock is owned by hedge funds and other institutional investors.

C has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Citigroup from $77.50 to $84.50 and gave the company an “overweight” rating in a report on Monday, November 4th. Morgan Stanley set a $78.00 price target on Citigroup and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America raised their price target on Citigroup from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Co set a $85.00 price target on Citigroup and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $80.57.

In related news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the sale, the insider now owns 93,848 shares in the company, valued at approximately $5,821,391.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Shares of C stock opened at $76.12 on Friday. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $76.28. The stock has a market cap of $163.37 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.85 and a beta of 1.80. The business has a fifty day simple moving average of $70.76 and a 200-day simple moving average of $68.30. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.12. The firm had revenue of $18.57 billion during the quarter, compared to analysts’ expectations of $18.54 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. On average, sell-side analysts anticipate that Citigroup Inc will post 7.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, November 1st. Citigroup’s dividend payout ratio is presently 30.68%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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