FCG Investment Co Acquires 1,220 Shares of Citigroup Inc. (NYSE:C)

FCG Investment Co increased its holdings in shares of Citigroup Inc. (NYSE:C) by 16.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,808 shares of the company’s stock after buying an additional 1,220 shares during the period. FCG Investment Co’s holdings in Citigroup were worth $557,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of C. Kentucky Retirement Systems raised its holdings in Citigroup by 2.6% during the 4th quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after buying an additional 3,808 shares during the period. Simplicity Solutions LLC raised its stake in shares of Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after purchasing an additional 449,310 shares during the period. GFS Advisors LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $2,003,000. Finally, TD Asset Management Inc boosted its position in shares of Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock worth $49,776,000 after buying an additional 173,137 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on C. Evercore ISI raised their price target on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Citigroup in a research note on Thursday, June 20th. Royal Bank of Canada raised their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Finally, Oppenheimer decreased 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Trading Down 0.3 %

NYSE C traded down $0.22 on Thursday, hitting $64.46. The company’s stock had a trading volume of 6,574,081 shares, compared to its average volume of 12,098,750. The company’s 50-day moving average is $62.19 and its 200 day moving average is $58.23. The firm has a market cap of $122.95 billion, a PE ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.46. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $65.22. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly 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. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. As a group, analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

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.