Lake Street Private Wealth LLC Makes New $252,000 Investment in Citigroup Inc. (NYSE:C)

Lake Street Private Wealth LLC acquired a new position in Citigroup Inc. (NYSE:C) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,988 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors have also added to or reduced their stakes in C. Orion Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in Citigroup during the 4th quarter valued at about $29,000. Beaird Harris Wealth Management LLC grew its position in Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after purchasing an additional 569 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter valued at about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Citigroup during the 4th quarter valued at about $39,000. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price target 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Oppenheimer dropped their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Trading Down 0.3 %

Citigroup stock opened at $64.46 on Friday. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $65.22. The firm has a market cap of $122.95 billion, a PE ratio of 19.07, a P/E/G ratio of 0.99 and a beta of 1.46. 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 stock’s 50 day simple moving average is $62.25 and its two-hundred day simple moving average is $58.27.

Citigroup (NYSE:C) last announced its earnings results 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. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the firm posted $1.86 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

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.