MV Capital Management Inc. Cuts Stock Position in Citigroup Inc. (NYSE:C)

MV Capital Management Inc. decreased its position in shares of Citigroup Inc. (NYSE:C) by 17.8% in the first quarter, HoldingsChannel reports. The fund owned 2,792 shares of the company’s stock after selling 603 shares during the quarter. MV Capital Management Inc.’s holdings in Citigroup were worth $177,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of C. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup in the fourth quarter worth $29,000. Beaird Harris Wealth Management LLC lifted its stake 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 during the period. Rakuten Securities Inc. purchased a new stake in shares of Citigroup during the fourth quarter valued at $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Citigroup in the 4th quarter valued at $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Evercore ISI raised their price target on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $65.03.

Citigroup Stock Up 2.0 %

Citigroup stock opened at $64.68 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $123.37 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The business has a 50 day simple moving average of $62.15 and a 200-day simple moving average of $58.18. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $64.98.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. On average, analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal 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.