Leo Wealth LLC Decreases Stock Holdings in Citigroup Inc. (NYSE:C)

Leo Wealth LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,927 shares of the company’s stock after selling 693 shares during the period. Leo Wealth LLC’s holdings in Citigroup were worth $621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eastern Bank acquired a new stake in Citigroup in the 3rd quarter worth approximately $87,000. Sequoia Financial Advisors LLC raised its holdings in shares of Citigroup by 25.2% in the third quarter. Sequoia Financial Advisors LLC now owns 206,446 shares of the company’s stock worth $12,924,000 after buying an additional 41,569 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Citigroup by 14.0% during the third quarter. Foundations Investment Advisors LLC now owns 261,465 shares of the company’s stock worth $16,368,000 after buying an additional 32,210 shares during the period. Integrity Financial Corp WA grew its holdings in shares of Citigroup by 58.8% during the third quarter. Integrity Financial Corp WA now owns 8,105 shares of the company’s stock valued at $507,000 after buying an additional 3,000 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Piper Sandler upped their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Argus boosted their target price on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Stock Up 2.8 %

Shares of C opened at $63.55 on Wednesday. The firm has a market cap of $121.22 billion, a P/E ratio of 17.80, a PEG ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81. The stock’s 50 day moving average is $61.43 and its two-hundred day moving average is $61.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

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.