ACR Alpine Capital Research LLC Acquires 347,898 Shares of Citigroup Inc. (NYSE:C)

ACR Alpine Capital Research LLC grew its holdings in Citigroup Inc. (NYSE:C) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,656,970 shares of the company’s stock after acquiring an additional 347,898 shares during the period. Citigroup comprises approximately 8.9% of ACR Alpine Capital Research LLC’s holdings, making the stock its 2nd biggest holding. ACR Alpine Capital Research LLC owned about 0.24% of Citigroup worth $294,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in C. Orion Capital Management LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup during the fourth quarter worth about $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 purchasing an additional 569 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Citigroup during the fourth quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Citigroup during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley reissued an “overweight” rating and issued a $65.00 price objective on shares of Citigroup in a report on Thursday, June 20th. Finally, Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $65.66.

Citigroup Stock Down 2.0 %

NYSE:C traded down $1.32 during trading hours on Thursday, hitting $65.66. 20,115,010 shares of the stock traded hands, compared to its average volume of 14,911,307. The firm has a 50 day moving average price of $62.62 and a 200 day moving average price of $58.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $66.99. The firm has a market cap of $125.24 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 0.99 and a beta of 1.46.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the business earned $1.86 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 5.86 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.