Citigroup Inc. (NYSE:C) Position Reduced by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 15.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,848 shares of the company’s stock after selling 2,399 shares during the period. SeaCrest Wealth Management LLC’s holdings in Citigroup were worth $813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Citigroup by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock valued at $1,273,411,000 after buying an additional 1,836,283 shares in the last quarter. Putnam Investments LLC increased its holdings in shares of Citigroup by 7.9% in the fourth quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after buying an additional 1,300,520 shares in the last quarter. Norges Bank bought a new position in shares of Citigroup in the fourth quarter valued at $867,599,000. Pzena Investment Management LLC increased its holdings in shares of Citigroup by 1.3% in the fourth quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after buying an additional 223,206 shares in the last quarter. Finally, Greenhaven Associates Inc. increased its holdings in shares of Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

C has been the topic of several research reports. HSBC upped their price target on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Evercore ISI raised their target price on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday. StockNews.com raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $65.00 target price on shares of Citigroup in a research report on Thursday, June 20th. Finally, Jefferies Financial Group raised their target price on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Stock Down 0.3 %

C stock opened at $64.46 on Thursday. The firm has a market cap of $122.95 billion, a PE ratio of 19.07, a PEG ratio of 0.97 and a beta of 1.46. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $65.22. The company has a fifty day simple moving average of $62.19 and a 200 day simple moving average of $58.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current fiscal year.

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.