Citigroup Inc. (NYSE:C) Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in Citigroup Inc. (NYSE:C) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,145,419 shares of the company’s stock after selling 239,700 shares during the period. Citigroup makes up about 0.9% of LSV Asset Management’s investment portfolio, making the stock its 15th biggest position. LSV Asset Management owned approximately 0.37% of Citigroup worth $451,876,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages have weighed in on C. Piper Sandler increased their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. BMO Capital Markets increased their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Jefferies Financial Group increased their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their target price on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $65.66.

Citigroup Stock Performance

Shares of C traded down $1.17 during mid-day trading on Friday, reaching $64.54. 30,117,249 shares of the company’s stock traded hands, compared to its average volume of 15,025,734. The business’s 50-day moving average price is $62.62 and its 200-day moving average price is $58.80. The stock has a market capitalization of $123.11 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $66.99.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current 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.