Citigroup Inc. (NYSE:C) Shares Sold by E&G Advisors LP

E&G Advisors LP lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 3.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,750 shares of the company’s stock after selling 610 shares during the quarter. E&G Advisors LP’s holdings in Citigroup were worth $1,249,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in C. Kentucky Retirement Systems lifted its holdings in shares of Citigroup by 2.6% in the fourth quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock valued at $7,877,000 after buying an additional 3,808 shares during the period. Simplicity Solutions LLC lifted its holdings in shares of Citigroup by 17.6% in the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after buying an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after buying an additional 449,310 shares during the period. GFS Advisors LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $2,003,000. Finally, TD Asset Management Inc lifted its holdings in shares of Citigroup by 21.8% in the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after buying an additional 173,137 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C traded down $0.22 during mid-day trading on Wednesday, hitting $64.46. 6,574,081 shares of the company’s stock traded hands, compared to its average volume of 14,991,081. The firm has a 50 day moving average of $62.15 and a two-hundred day moving average of $58.18. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $65.22. The firm has a market capitalization of $122.95 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Evercore ISI boosted their target price on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Jefferies Financial Group boosted their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Oppenheimer cut their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.16.

Citigroup Company Profile

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.