Blue Trust Inc. Raises Stake in Citigroup Inc. (NYSE:C)

Blue Trust Inc. raised its stake in shares of Citigroup Inc. (NYSE:C) by 86.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,600 shares of the company’s stock after buying an additional 6,325 shares during the quarter. Blue Trust Inc.’s holdings in Citigroup were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after buying an additional 17,525,484 shares during the period. Swedbank AB purchased a new stake in shares of Citigroup in the 1st quarter valued at about $253,286,000. Acadian Asset Management LLC boosted its position in shares of Citigroup by 527.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Caxton Associates LP grew its holdings in shares of Citigroup by 7,393.3% during the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after purchasing an additional 1,988,494 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Citigroup by 1,749.2% during the first quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company’s stock worth $82,985,000 after purchasing an additional 1,243,249 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 1.8 %

NYSE C opened at $62.85 on Monday. The business’s 50-day moving average is $61.35 and its 200 day moving average is $61.92. The stock has a market capitalization of $119.88 billion, a PE ratio of 17.61, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Citigroup Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on C shares. Evercore ISI raised their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Bank of America increased their target price on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their price target on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Argus increased their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

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.