Columbus Macro LLC Sells 1,124 Shares of Citigroup Inc. (NYSE:C)

Columbus Macro LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,598 shares of the company’s stock after selling 1,124 shares during the quarter. Columbus Macro LLC’s holdings in Citigroup were worth $2,002,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in C. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after buying an additional 17,525,484 shares during the period. Bank of New York Mellon Corp boosted its position in Citigroup by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after acquiring an additional 250,716 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Citigroup by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock worth $1,105,999,000 after acquiring an additional 913,231 shares during the period. Greenhaven Associates Inc. grew its holdings in shares of Citigroup by 1.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after acquiring an additional 242,545 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Citigroup by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after acquiring an additional 168,070 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on C shares. Oppenheimer dropped their price target on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler upped their target price on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Barclays lifted their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday. Bank of America upped their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Stock Performance

Shares of Citigroup stock traded down $1.12 during trading on Friday, hitting $62.85. 13,841,159 shares of the company’s stock traded hands, compared to its average volume of 14,451,396. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $67.81. The business has a 50-day simple moving average of $61.35 and a 200-day simple moving average of $61.92. The stock has a market capitalization of $119.88 billion, a P/E ratio of 17.61, a PEG ratio of 0.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

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

Citigroup 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.