Waldron Private Wealth LLC Sells 3,297 Shares of Citigroup Inc. (NYSE:C)

Waldron Private Wealth LLC cut its position in Citigroup Inc. (NYSE:C) by 30.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,663 shares of the company’s stock after selling 3,297 shares during the quarter. Waldron Private Wealth LLC’s holdings in Citigroup were worth $480,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. POM Investment Strategies LLC purchased a new stake in Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the third quarter worth $28,000. Beacon Capital Management LLC raised its stake in Citigroup by 85.5% during the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Citigroup during the second quarter valued at $31,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Citigroup in the second quarter valued at $32,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on C. Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Barclays raised their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Price Performance

C opened at $63.55 on Wednesday. The stock has a market capitalization of $121.22 billion, a PE ratio of 17.80, a P/E/G ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The company’s 50 day simple moving average is $61.43 and its 200 day simple moving average is $61.92.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, sell-side analysts expect that Citigroup Inc. will post 5.76 EPS for the current year.

About Citigroup

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.