Texas Permanent School Fund Corp Sells 503 Shares of Citigroup Inc. (NYSE:C)

Texas Permanent School Fund Corp lessened its position in shares of Citigroup Inc. (NYSE:C) by 0.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 393,300 shares of the company’s stock after selling 503 shares during the period. Texas Permanent School Fund Corp’s holdings in Citigroup were worth $24,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kentucky Retirement Systems boosted its stake in Citigroup by 2.6% during the fourth quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock worth $7,877,000 after acquiring an additional 3,808 shares in the last quarter. Simplicity Solutions LLC grew its stake in shares of Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after buying an additional 4,150 shares during the period. Allspring Global Investments Holdings LLC increased its position in Citigroup by 56.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after buying an additional 449,310 shares in the last quarter. GFS Advisors LLC acquired a new position in Citigroup during the 4th quarter worth approximately $2,003,000. Finally, TD Asset Management Inc boosted its holdings in Citigroup by 21.8% in the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock worth $49,776,000 after acquiring an additional 173,137 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C traded down $1.32 during trading hours on Thursday, reaching $65.66. 20,115,010 shares of the company were exchanged, compared to its average volume of 14,911,307. The stock has a market capitalization of $125.24 billion, a P/E ratio of 19.43, a P/E/G 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. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $66.99. The business’s 50 day simple moving average is $62.54 and its 200-day simple moving average is $58.75.

Citigroup (NYSE:C) last issued its quarterly earnings results 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. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the business posted $1.86 EPS. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on C shares. Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Piper Sandler raised their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.66.

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.