Global Retirement Partners LLC Lowers Position in Citigroup Inc. (NYSE:C)

Global Retirement Partners LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,798 shares of the company’s stock after selling 760 shares during the period. Global Retirement Partners LLC’s holdings in Citigroup were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. POM Investment Strategies LLC bought a new stake in shares of Citigroup in the second quarter worth about $25,000. Beacon Capital Management LLC increased its holdings in shares of Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Citigroup in the second quarter worth about $31,000. Triad Wealth Partners LLC bought a new stake in Citigroup during the second quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC increased its stake in Citigroup by 1,139.7% during the second quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after acquiring an additional 48,484 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 1.8 %

Shares of NYSE C opened at $62.85 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $119.88 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.74 and a beta of 1.44. The stock has a 50 day moving average price of $61.35 and a 200 day moving average price of $61.92. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Sell-side analysts expect that Citigroup Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

C has been the topic of several analyst reports. Bank of America boosted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Oppenheimer reduced their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley dropped their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Company 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.