DecisionPoint Financial LLC Purchases Shares of 4,000 Citigroup Inc. (NYSE:C)

DecisionPoint Financial LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,000 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds have also added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $29,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup during the fourth quarter worth $39,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.7 %

Shares of NYSE:C traded down $0.42 during midday trading on Friday, hitting $64.04. 7,224,298 shares of the stock were exchanged, compared to its average volume of 14,930,323. The stock has a market capitalization of $122.15 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day moving average price is $62.27 and its 200 day moving average price is $58.37. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $65.22.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. Analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current year.

Wall Street Analyst Weigh In

C has been the topic of a number of recent analyst reports. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods raised their price target on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Evercore ISI raised their price target on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Finally, Piper Sandler lifted their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. 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 stock. Based on data from MarketBeat.com, Citigroup 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.