Citigroup Inc. (NYSE:C) Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. lowered its stake in shares of Citigroup Inc. (NYSE:C) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,813 shares of the company’s stock after selling 500 shares during the quarter. Carson Advisory Inc.’s holdings in Citigroup were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of C. Creative Planning increased its holdings in shares of Citigroup by 3.6% during the third quarter. Creative Planning now owns 312,013 shares of the company’s stock valued at $12,833,000 after acquiring an additional 10,814 shares in the last quarter. Diversified Trust Co boosted its position in Citigroup by 15.1% in the third quarter. Diversified Trust Co now owns 54,471 shares of the company’s stock valued at $2,240,000 after buying an additional 7,126 shares during the last quarter. Savoie Capital LLC purchased a new stake in Citigroup in the third quarter valued at approximately $1,423,000. Comerica Bank boosted its position in Citigroup by 122.1% in the third quarter. Comerica Bank now owns 574,406 shares of the company’s stock valued at $23,625,000 after buying an additional 315,726 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in Citigroup in the third quarter valued at approximately $4,153,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.6 %

Shares of C traded up $0.41 during midday trading on Wednesday, reaching $66.96. The company had a trading volume of 9,768,964 shares, 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 cap of $127.72 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The firm has a 50 day simple moving average of $62.54 and a 200-day simple moving average of $58.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The business 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 company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. Research analysts forecast that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on C. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Royal Bank of Canada upped their price objective on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. One investment 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. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.16.

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.