Good Life Advisors LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 154.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,356 shares of the company's stock after buying an additional 9,323 shares during the period. Good Life Advisors LLC's holdings in Citigroup were worth $961,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in C. MONECO Advisors LLC increased its stake in Citigroup by 2.9% during the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company's stock valued at $352,000 after buying an additional 157 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in Citigroup by 4.0% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company's stock worth $272,000 after purchasing an additional 164 shares during the period. NorthRock Partners LLC boosted its stake in Citigroup by 2.7% during the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company's stock valued at $398,000 after purchasing an additional 165 shares in the last quarter. Legacy Capital Group California Inc. increased its position in shares of Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company's stock valued at $1,053,000 after purchasing an additional 169 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of Citigroup by 7.1% in the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company's stock worth $161,000 after buying an additional 170 shares in the last quarter. 71.72% of the stock is owned by institutional investors.
Shares of NYSE:C opened at $63.96 on Friday. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $122.00 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The firm has a fifty day moving average of $61.25 and a two-hundred day moving average of $61.93.
Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, equities analysts expect that Citigroup Inc. will post 5.76 EPS for the current fiscal year.
Several research analysts recently weighed in on the company. Piper Sandler raised their target price on Citigroup from $70.00 to $73.00 and gave the company an "overweight" rating in a research note on Monday, July 15th. BMO Capital Markets lifted their price objective on shares of Citigroup from $63.00 to $65.00 and gave the stock a "market perform" rating in a research note on Thursday, July 11th. Barclays increased their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $71.06.
View Our Latest Stock Report on C
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.
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