Buckley Wealth Management LLC bought a new position in Citigroup Inc (NYSE:C) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,968 shares of the financial services provider’s stock, valued at approximately $247,000.
A number of other hedge funds have also added to or reduced their stakes in C. HighPoint Advisor Group LLC increased its stake in shares of Citigroup by 24.5% during the fourth 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 period. RWC Asset Management LLP increased its stake in shares of Citigroup by 13.4% during the fourth quarter. RWC Asset Management LLP now owns 420,019 shares of the financial services provider’s stock valued at $21,866,000 after buying an additional 49,563 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Citigroup during the fourth quarter valued at $2,515,000. Trinity Street Asset Management LLP increased its stake in shares of Citigroup by 0.7% during the fourth quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock valued at $21,856,000 after buying an additional 2,924 shares during the period. Finally, Personal Capital Advisors Corp increased its stake in shares of Citigroup by 21.2% during the fourth quarter. Personal Capital Advisors Corp now owns 4,477 shares of the financial services provider’s stock valued at $233,000 after buying an additional 784 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.
C opened at $69.31 on Wednesday. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $75.24. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $173.33 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 0.80 and a beta of 1.68.
Citigroup (NYSE:C) last posted its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.09. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Citigroup Inc will post 7.42 EPS for the current fiscal year.
Several brokerages have recently commented on C. Zacks Investment Research upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group raised their price target on Citigroup from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price target on Citigroup from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday. Finally, HSBC set a $76.00 target price on Citigroup and gave the company a “buy” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and an average target price of $80.61.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
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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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