Texas Permanent School Fund Corp Sells 503 Shares of Citigroup Inc. (NYSE:C)

Texas Permanent School Fund Corp decreased its holdings in Citigroup Inc. (NYSE:C) by 0.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 393,300 shares of the company’s stock after selling 503 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Citigroup were worth $24,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter valued at approximately $26,000. Frazier Financial Advisors LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC boosted its position in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after purchasing an additional 569 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of Citigroup in the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Citigroup during the 4th quarter valued at $39,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a research note on Monday, April 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. HSBC increased their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada boosted their target price on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $65.66.

Citigroup Trading Down 2.0 %

Shares of NYSE:C traded down $1.32 during trading on Thursday, reaching $65.66. The company’s stock had a trading volume of 20,115,010 shares, compared to its average volume of 14,911,307. The stock has a market capitalization of $125.24 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $66.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s 50 day simple moving average is $62.54 and its two-hundred day simple moving average is $58.75.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the company earned $1.86 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts predict that Citigroup Inc. will post 5.86 EPS for the current fiscal 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.