Brown Lisle Cummings Inc. Lowers Holdings in Citigroup Inc. (NYSE:C)

Brown Lisle Cummings Inc. reduced its position in shares of Citigroup Inc. (NYSE:C) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,970 shares of the company’s stock after selling 190 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Citigroup were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Citigroup by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after buying an additional 8,593 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Citigroup by 13.4% in the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after purchasing an additional 23,774 shares during the last quarter. BDF Gestion acquired a new position in shares of Citigroup during the second quarter worth $3,861,000. New Mexico Educational Retirement Board boosted its position in shares of Citigroup by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock worth $7,300,000 after purchasing an additional 14,100 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Citigroup by 23.8% during the 1st quarter. Advisory Services Network LLC now owns 66,509 shares of the company’s stock worth $4,206,000 after buying an additional 12,795 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of C stock opened at $62.85 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $119.88 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.44. The business’s 50 day moving average is $61.35 and its two-hundred day moving average is $61.92. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81.

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

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. BMO Capital Markets raised their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI raised their price target on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Argus lifted their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

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.