Weaver Consulting Group Acquires Shares of 1,134 Citigroup Inc (NYSE:C)

Weaver Consulting Group purchased a new position in shares of Citigroup Inc (NYSE:C) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,134 shares of the financial services provider’s stock, valued at approximately $76,000.

Several other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in Citigroup in the 1st quarter worth about $27,000. Harvest Group Wealth Management LLC acquired a new position in Citigroup in the 1st quarter worth about $28,000. Larson Financial Group LLC acquired a new position in Citigroup in the 4th quarter worth about $29,000. Acima Private Wealth LLC bought a new stake in shares of Citigroup in the 4th quarter valued at about $33,000. Finally, Avestar Capital LLC grew its position in shares of Citigroup by 35.0% in the 1st quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock valued at $33,000 after buying an additional 158 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

NYSE:C traded up $0.16 during trading hours on Friday, hitting $71.77. 15,347,041 shares of the company’s stock traded hands, compared to its average volume of 11,563,506. The company has a market cap of $165.97 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.79 and a beta of 1.74. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $75.24. The company has a fifty day moving average of $67.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The business had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup Inc will post 7.5 earnings per share for the current fiscal year.

C has been the topic of several research analyst reports. Oppenheimer set a $15.00 target price on Strongbridge Biopharma and gave the company a “buy” rating in a research report on Tuesday, March 26th. Odeon Capital Group initiated coverage on Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating on the stock. BMO Capital Markets upped their price target on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a research note on Thursday, April 4th. Finally, Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.18.

In other news, CEO Stephen Bird sold 30,000 shares of Citigroup stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

About Citigroup

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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