MV Capital Management Inc. Has $177,000 Position in Citigroup Inc. (NYSE:C)

MV Capital Management Inc. lessened its holdings in Citigroup Inc. (NYSE:C) by 17.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,792 shares of the company’s stock after selling 603 shares during the quarter. MV Capital Management Inc.’s holdings in Citigroup were worth $177,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new position in shares of Citigroup in the fourth quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new position in Citigroup during the 4th quarter worth approximately $29,000. Beaird Harris Wealth Management LLC lifted its position in shares of 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 during the period. Rakuten Securities Inc. acquired a new stake in shares of Citigroup during the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Citigroup during the fourth quarter worth $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on C. Royal Bank of Canada boosted their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. 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 report on Thursday, March 28th. Finally, Evercore ISI boosted their target price on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Citigroup Stock Up 2.0 %

C stock opened at $64.68 on Wednesday. The stock has a fifty day moving average of $62.15 and a 200-day moving average of $58.18. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $64.98. The company has a market capitalization of $123.37 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.86 EPS. As a group, equities research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup 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.