FinTrust Capital Advisors LLC lifted its position in shares of Citigroup Inc (NYSE:C) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,769 shares of the financial services provider’s stock after buying an additional 749 shares during the period. FinTrust Capital Advisors LLC’s holdings in Citigroup were worth $173,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in C. HighPoint Advisor Group LLC boosted its position in Citigroup by 24.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,878 shares of the financial services provider’s stock valued at $507,000 after buying an additional 1,552 shares during the last quarter. Strategy Asset Managers LLC bought a new stake in Citigroup during the first quarter worth approximately $55,000. Front Barnett Associates LLC boosted its holdings in Citigroup by 0.4% during the first quarter. Front Barnett Associates LLC now owns 134,044 shares of the financial services provider’s stock worth $8,340,000 after buying an additional 551 shares in the last quarter. Family Legacy Inc. boosted its holdings in Citigroup by 341.8% during the fourth quarter. Family Legacy Inc. now owns 1,542 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,193 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Citigroup during the fourth quarter worth approximately $29,160,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
A number of research firms recently commented on C. BMO Capital Markets raised their price objective on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Zacks Investment Research lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price for the company in a research note on Thursday, May 30th. UBS Group lifted their target price on shares of Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer lifted their target price on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.31.
Shares of Citigroup stock traded up $0.71 during midday trading on Monday, reaching $70.74. 13,563,579 shares of the company’s stock traded hands, compared to its average volume of 15,338,504. The stock has a market capitalization of $161.94 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.74. The firm has a 50 day moving average of $66.18. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $75.24.
Citigroup (NYSE:C) last announced its earnings results on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. The firm had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. As a group, research analysts expect that Citigroup Inc will post 7.58 EPS for the current year.
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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