New Century Financial Group LLC Has $1.49 Million Stock Holdings in Citigroup Inc. (NYSE:C)

New Century Financial Group LLC raised its stake in Citigroup Inc. (NYSE:C) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,587 shares of the company’s stock after buying an additional 938 shares during the quarter. Citigroup accounts for about 1.0% of New Century Financial Group LLC’s holdings, making the stock its 16th biggest position. New Century Financial Group LLC’s holdings in Citigroup were worth $1,492,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Citigroup during the 4th quarter worth $867,599,000. International Assets Investment Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth $2,109,120,000. Greenhaven Associates Inc. increased its stake in shares of Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Citigroup by 873.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock worth $135,262,000 after purchasing an additional 1,919,170 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after purchasing an additional 1,836,283 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 0.3 %

Shares of C stock traded down $0.22 during trading on Thursday, reaching $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 business has a fifty day moving average price of $62.19 and a 200-day moving average price of $58.23. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market cap of $122.95 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. Citigroup Inc. has a one year low of $38.17 and a one year high of $65.22.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Royal Bank of Canada raised their price target 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. HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Oppenheimer reduced their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.