Larson Financial Group LLC Reduces Stock Position in Citigroup Inc. (NYSE:C)

Larson Financial Group LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 18.5% in the first quarter, HoldingsChannel reports. The firm owned 2,669 shares of the company’s stock after selling 606 shares during the quarter. Larson Financial Group LLC’s holdings in Citigroup were worth $169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup in the 4th quarter valued at about $29,000. Beaird Harris Wealth Management LLC lifted its stake in shares of Citigroup by 1,962.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after purchasing an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at about $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Citigroup in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Oppenheimer lowered their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Evercore ISI increased their price target on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.16.

Citigroup Trading Up 0.6 %

Shares of NYSE C traded up $0.41 during mid-day trading on Wednesday, hitting $66.96. 9,768,964 shares of the company traded hands, compared to its average volume of 14,871,154. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $66.99. The stock has a market capitalization of $127.72 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.99 and a beta of 1.46. 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 business has a 50 day moving average of $62.43 and a two-hundred day moving average of $58.69.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. On average, sell-side 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.