ZRC Wealth Management LLC Has $63,000 Position in Citigroup Inc. (NYSE:C)

ZRC Wealth Management LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C) by 37.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 600 shares during the period. ZRC Wealth Management LLC’s holdings in Citigroup were worth $63,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after buying an additional 1,836,283 shares during the period. Putnam Investments LLC grew its holdings in shares of Citigroup by 7.9% in the 4th quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after buying an additional 1,300,520 shares during the period. Norges Bank acquired a new stake in Citigroup during the 4th quarter worth $867,599,000. Pzena Investment Management LLC grew its stake in Citigroup by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after acquiring an additional 223,206 shares during the period. Finally, Greenhaven Associates Inc. increased its position in shares of Citigroup by 22.4% during the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after acquiring an additional 2,948,512 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of a number of recent research reports. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Piper Sandler raised their target price 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. Evercore ISI boosted their price target on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday. Oppenheimer reduced their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Stock Performance

C opened at $64.46 on Friday. 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 business has a fifty day simple moving average of $62.25 and a 200 day simple moving average of $58.27. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $65.22. The company has a market capitalization of $122.95 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the prior year, the company posted $1.86 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. Research analysts expect that Citigroup Inc. will post 5.86 EPS 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.