Farmers & Merchants Investments Inc. Increases Stake in Citigroup Inc. (NYSE:C)

Farmers & Merchants Investments Inc. increased its holdings in shares of Citigroup Inc. (NYSE:C) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,806 shares of the company’s stock after buying an additional 2,018 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Citigroup were worth $4,604,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in C. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new position in Citigroup during the 4th quarter worth approximately $29,000. Beaird Harris Wealth Management LLC grew its holdings in Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new position 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 worth approximately $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 2.0 %

C stock opened at $64.68 on Wednesday. The company has a market cap of $123.37 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. 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 Inc. has a 12 month low of $38.17 and a 12 month high of $64.98. The company has a fifty day moving average price of $62.15 and a 200 day moving average price of $58.18.

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

Analyst Ratings Changes

Several research analysts have commented on C shares. Royal Bank of Canada boosted their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Finally, Piper Sandler upped their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.03.

About Citigroup

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.