Brooklyn Investment Group Lowers Stake in Citigroup Inc. (NYSE:C)

Brooklyn Investment Group trimmed its position in Citigroup Inc. (NYSE:C) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,213 shares of the company’s stock after selling 386 shares during the quarter. Brooklyn Investment Group’s holdings in Citigroup were worth $267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of C. Metis Global Partners LLC increased its holdings in Citigroup by 1.0% in the 1st quarter. Metis Global Partners LLC now owns 79,636 shares of the company’s stock valued at $5,036,000 after purchasing an additional 777 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Citigroup in the first quarter valued at about $7,128,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Citigroup by 35.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,724 shares of the company’s stock valued at $4,093,000 after buying an additional 16,802 shares during the period. Empirical Finance LLC lifted its position in Citigroup by 3.3% during the 1st quarter. Empirical Finance LLC now owns 71,360 shares of the company’s stock worth $4,513,000 after acquiring an additional 2,288 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Citigroup by 23.8% in the 1st quarter. Advisory Services Network LLC now owns 66,509 shares of the company’s stock worth $4,206,000 after acquiring an additional 12,795 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on C shares. Evercore ISI lifted their price objective on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Wednesday, July 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods raised their target price on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Jefferies Financial Group boosted their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $65.66.

Citigroup Stock Performance

Shares of NYSE:C traded down $1.19 during trading on Friday, hitting $64.52. 30,125,385 shares of the company traded hands, compared to its average volume of 11,819,169. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The business’s fifty day moving average is $62.68 and its 200-day moving average is $58.89. The stock has a market capitalization of $123.07 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.93 and a beta of 1.46. Citigroup Inc. has a one year low of $38.17 and a one year high of $66.99.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. The firm had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. As a group, equities analysts predict that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup 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.