LSV Asset Management Sells 239,700 Shares of Citigroup Inc. (NYSE:C)

LSV Asset Management cut its stake in shares of Citigroup Inc. (NYSE:C) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,145,419 shares of the company’s stock after selling 239,700 shares during the quarter. Citigroup makes up about 0.9% of LSV Asset Management’s portfolio, making the stock its 15th largest position. LSV Asset Management’s holdings in Citigroup were worth $451,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of C. Creative Planning boosted its stake in Citigroup by 3.6% during the third quarter. Creative Planning now owns 312,013 shares of the company’s stock worth $12,833,000 after acquiring an additional 10,814 shares in the last quarter. Comerica Bank lifted its position in shares of Citigroup by 122.1% during the third quarter. Comerica Bank now owns 574,406 shares of the company’s stock valued at $23,625,000 after purchasing an additional 315,726 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Citigroup by 96.9% during the third quarter. EP Wealth Advisors LLC now owns 13,347 shares of the company’s stock valued at $549,000 after purchasing an additional 6,568 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Citigroup by 306.7% during the third quarter. Wellington Management Group LLP now owns 1,180,767 shares of the company’s stock valued at $48,565,000 after purchasing an additional 890,464 shares in the last quarter. Finally, Dimension Capital Management LLC bought a new position in shares of Citigroup during the third quarter valued at about $214,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of C traded down $1.17 during trading hours on Friday, hitting $64.54. The company’s stock had a trading volume of 30,117,249 shares, compared to its average volume of 15,025,734. The company has a market cap of $123.11 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.95 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $62.62 and a two-hundred day simple moving average of $58.80. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $66.99.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. During the same period last year, the business earned $1.37 earnings per share. Citigroup’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent analyst reports. HSBC raised their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer decreased their price objective on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Royal Bank of Canada raised their price objective on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $65.66.

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.