Rehmann Capital Advisory Group Buys 1,347 Shares of Citigroup Inc. (NYSE:C)

Rehmann Capital Advisory Group grew its holdings in shares of Citigroup Inc. (NYSE:C) by 9.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,504 shares of the company’s stock after purchasing an additional 1,347 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Citigroup were worth $980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Citigroup during the fourth quarter valued at approximately $867,599,000. Bank of New York Mellon Corp grew its stake in Citigroup by 18.4% during the first quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock valued at $1,881,805,000 after acquiring an additional 4,620,867 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $2,109,120,000. Greenhaven Associates Inc. grew its stake in Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after acquiring an additional 2,948,512 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Citigroup by 873.6% during the first quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock valued at $135,262,000 after acquiring an additional 1,919,170 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of several recent analyst reports. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Royal Bank of Canada lifted their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, June 20th. Finally, Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Trading Up 0.4 %

Citigroup stock traded up $0.29 during mid-day trading on Wednesday, reaching $66.84. 5,912,831 shares of the company traded hands, compared to its average volume of 14,840,292. The firm’s 50 day moving average price is $62.43 and its 200 day moving average price is $58.69. The firm has a market capitalization of $127.49 billion, a price-to-earnings ratio of 19.78, 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 current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $66.98.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. On average, analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup 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.