Aaron Wealth Advisors LLC Boosts Stock Position in Citigroup Inc. (NYSE:C)

Aaron Wealth Advisors LLC boosted its position in Citigroup Inc. (NYSE:C) by 38.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,770 shares of the company’s stock after buying an additional 2,732 shares during the period. Aaron Wealth Advisors LLC’s holdings in Citigroup were worth $612,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC purchased a new position in Citigroup in the second quarter worth $25,000. Beacon Capital Management LLC increased its holdings in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Citigroup in the second quarter valued at about $31,000. Triad Wealth Partners LLC purchased a new stake in Citigroup during the second quarter worth about $32,000. Finally, Strategic Financial Concepts LLC grew its position 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 buying an additional 48,484 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 1.8 %

Shares of C opened at $62.85 on Friday. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The stock has a fifty day moving average of $61.35 and a two-hundred day moving average of $61.92. 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 company has a market capitalization of $119.87 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that Citigroup Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on C. Argus lifted their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday. Oppenheimer decreased their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays raised their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

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.