Aaron Wealth Advisors LLC Raises Holdings in Citigroup Inc. (NYSE:C)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. lifted its stake in shares of Citigroup by 355.9% during the first quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after purchasing an additional 14,922 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the period. Lazard Asset Management LLC raised its stake in shares of Citigroup by 13.4% during the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after purchasing an additional 23,774 shares during the period. BDF Gestion acquired a new position in shares of Citigroup during the second quarter worth $3,861,000. Finally, New Mexico Educational Retirement Board boosted its stake in shares of Citigroup by 13.9% in the first quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock valued at $7,300,000 after purchasing an additional 14,100 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Down 1.8 %

Shares of Citigroup stock opened at $62.85 on Friday. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The company has a market capitalization of $119.87 billion, a P/E ratio of 17.60, a PEG ratio of 0.74 and a beta of 1.44. The business’s fifty day moving average price is $61.35 and its two-hundred day moving average price is $61.92. 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 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 net margin of 4.95% and a return on equity of 6.26%. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the company earned $1.52 EPS. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts forecast that Citigroup Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday. Piper Sandler upped their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Bank of America raised their price target on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Morgan Stanley dropped their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.