Sumitomo Mitsui Trust Holdings Inc. Trims Stock Position in Citigroup Inc. (NYSE:C)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in Citigroup Inc. (NYSE:C) by 1.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,807,317 shares of the company’s stock after selling 90,404 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Citigroup worth $304,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Citigroup during the fourth quarter worth about $29,000. Beaird Harris Wealth Management LLC increased its stake in shares of Citigroup by 1,962.1% during the fourth 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 shares of Citigroup during the fourth quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Citigroup during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $64.46 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $122.95 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.97 and a beta of 1.46. The company’s 50-day moving average is $62.19 and its two-hundred day moving average is $58.23. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $65.22.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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%. Citigroup’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 EPS. Analysts forecast that Citigroup Inc. will post 5.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on C. Morgan Stanley reissued an “overweight” rating and set a $65.00 target price on shares of Citigroup in a research note on Thursday, June 20th. HSBC boosted their target price 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. Evercore ISI boosted their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

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.