Buckley Wealth Management LLC Raises Stake in Citigroup Inc. (NYSE:C)

Buckley Wealth Management LLC lifted its position in shares of Citigroup Inc. (NYSE:C) by 539.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,067 shares of the company’s stock after purchasing an additional 18,615 shares during the period. Buckley Wealth Management LLC’s holdings in Citigroup were worth $1,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new stake in Citigroup during the second quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after acquiring an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the second quarter valued at $31,000. Triad Wealth Partners LLC purchased a new position in shares of Citigroup during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after purchasing an additional 48,484 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on C. Morgan Stanley dropped their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday. Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday. Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, BMO Capital Markets boosted their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Price Performance

Citigroup stock traded down $1.12 during midday trading on Friday, reaching $62.85. The company’s stock had a trading volume of 13,841,159 shares, compared to its average volume of 14,451,396. The firm has a market capitalization of $119.88 billion, a PE ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The stock’s 50 day simple moving average is $61.35 and its 200 day simple moving average is $61.92. 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

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.