Choreo LLC Acquires 2,174 Shares of Citigroup Inc. (NYSE:C)

Choreo LLC grew its stake in Citigroup Inc. (NYSE:CFree Report) by 33.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,615 shares of the company’s stock after acquiring an additional 2,174 shares during the quarter. Choreo LLC’s holdings in Citigroup were worth $545,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in C. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Citigroup during the fourth quarter valued at about $29,000. Beaird Harris Wealth Management LLC boosted its stake in Citigroup by 1,962.1% in the 4th 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 Citigroup during the 4th quarter worth approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Citigroup during the 4th quarter valued at approximately $39,000. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.6 %

Shares of NYSE C traded up $0.40 during trading on Monday, reaching $64.43. The stock had a trading volume of 1,221,287 shares, compared to its average volume of 14,824,145. The business’s 50-day moving average price is $62.27 and its 200-day moving average price is $58.48. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $122.90 billion, a P/E ratio of 19.09, a PEG ratio of 0.98 and a beta of 1.46.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on C shares. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. HSBC increased their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Piper Sandler increased their price target on Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 price objective 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 given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.16.

View Our Latest Stock Report on C

Citigroup 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.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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