Clarity Wealth Advisors LLC Acquires 5,270 Shares of Citigroup Inc. (NYSE:C)

Clarity Wealth Advisors LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,632 shares of the company’s stock after purchasing an additional 5,270 shares during the quarter. Citigroup accounts for 1.4% of Clarity Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding. Clarity Wealth Advisors LLC’s holdings in Citigroup were worth $4,735,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after purchasing an additional 17,525,484 shares during the period. Swedbank AB purchased a new stake in Citigroup during the first quarter valued at $253,286,000. Acadian Asset Management LLC lifted its holdings in Citigroup by 527.5% in the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after acquiring an additional 2,100,135 shares during the period. Caxton Associates LP lifted its holdings in Citigroup by 7,393.3% in the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock valued at $127,453,000 after acquiring an additional 1,988,494 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in Citigroup by 1,749.2% in the first quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company’s stock worth $82,985,000 after purchasing an additional 1,243,249 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Citigroup stock traded down $1.12 during midday trading on Friday, reaching $62.85. 13,841,159 shares of the stock traded hands, compared to its average volume of 14,451,396. The stock has a market cap of $119.88 billion, a P/E ratio of 17.60, a PEG ratio of 0.74 and a beta of 1.44. The stock’s fifty day moving average is $61.35 and its 200-day moving average is $61.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $19.86 billion. During the same period in the prior year, the company earned $1.52 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on C. Argus boosted their price objective 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 boosted their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley decreased their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday. Oppenheimer cut their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Piper Sandler increased their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. One 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’s stock. According to MarketBeat.com, the stock 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.