4,605 Shares in Citigroup Inc. (NYSE:C) Acquired by Mission Wealth Management LP

Mission Wealth Management LP purchased a new stake in Citigroup Inc. (NYSE:CFree Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,605 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds have also modified their holdings of C. Norges Bank acquired a new stake in shares of Citigroup in the fourth quarter valued at $867,599,000. Bank of New York Mellon Corp grew its position in Citigroup by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock valued at $1,881,805,000 after acquiring an additional 4,620,867 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Citigroup during the fourth quarter worth about $2,109,120,000. Greenhaven Associates Inc. lifted its position in shares of Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Citigroup by 873.6% in the first quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock valued at $135,262,000 after purchasing an additional 1,919,170 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance

NYSE C opened at $64.03 on Friday. The company has a fifty day moving average of $62.27 and a two-hundred day moving average of $58.42. The company has a market capitalization of $122.13 billion, a PE ratio of 18.94, a P/E/G ratio of 0.98 and a beta of 1.46. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

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

Analysts Set New Price Targets

Several equities analysts have commented on C shares. Piper Sandler raised their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Royal Bank of Canada lifted their target price on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. HSBC increased their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Finally, StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.16.

Check Out Our Latest Analysis on Citigroup

Citigroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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