Accel Wealth Management Raises Stock Position in Citigroup Inc. (NYSE:C)

Accel Wealth Management boosted its position in shares of Citigroup Inc. (NYSE:C) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,919 shares of the company’s stock after acquiring an additional 185 shares during the period. Accel Wealth Management’s holdings in Citigroup were worth $311,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Kentucky Retirement Systems lifted its position in Citigroup by 2.6% during the fourth quarter. Kentucky Retirement Systems now owns 153,131 shares of the company’s stock valued at $7,877,000 after purchasing an additional 3,808 shares during the last quarter. Simplicity Solutions LLC lifted its position in Citigroup by 17.6% during the fourth quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock valued at $1,430,000 after purchasing an additional 4,150 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Citigroup by 56.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after purchasing an additional 449,310 shares during the last quarter. GFS Advisors LLC bought a new stake in Citigroup during the fourth quarter valued at approximately $2,003,000. Finally, TD Asset Management Inc lifted its position in Citigroup by 21.8% during the fourth quarter. TD Asset Management Inc now owns 967,655 shares of the company’s stock valued at $49,776,000 after purchasing an additional 173,137 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 0.3 %

Shares of Citigroup stock opened at $64.46 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company’s fifty day simple moving average is $62.25 and its two-hundred day simple moving average is $58.27. The company has a market cap of $122.95 billion, a P/E ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.46. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $65.22.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for 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%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. Research analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Morgan Stanley restated an “overweight” rating and issued a $65.00 price objective on shares of Citigroup in a report on Thursday, June 20th. Piper Sandler boosted their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Finally, StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.16.

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.