Citigroup Inc. (NYSE:C) Shares Bought by Riverview Trust Co

by · The Cerbat Gem

Riverview Trust Co increased its position in Citigroup Inc. (NYSE:C – Free Report) by 58.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,265 shares of the company’s stock after acquiring an additional 467 shares during the period. Riverview Trust Co’s holdings in Citigroup were worth $79,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in C. West Oak Capital LLC lifted its holdings in shares of Citigroup by 11.1% in the third quarter. West Oak Capital LLC now owns 34,993 shares of the company’s stock valued at $2,191,000 after buying an additional 3,500 shares during the period. Moss Adams Wealth Advisors LLC lifted its holdings in Citigroup by 8.4% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 10,997 shares of the company’s stock valued at $688,000 after acquiring an additional 852 shares during the last quarter. Accurate Wealth Management LLC boosted its position in shares of Citigroup by 70.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 16,302 shares of the company’s stock valued at $1,021,000 after purchasing an additional 6,723 shares in the last quarter. KMG Fiduciary Partners LLC grew its stake in shares of Citigroup by 0.4% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 40,802 shares of the company’s stock worth $2,554,000 after purchasing an additional 182 shares during the last quarter. Finally, Stratos Investment Management LLC raised its holdings in shares of Citigroup by 98.9% in the 3rd quarter. Stratos Investment Management LLC now owns 73,577 shares of the company’s stock worth $4,606,000 after purchasing an additional 36,576 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 1.8 %

NYSE:C opened at $62.85 on Friday. The stock’s fifty day moving average price is $61.35 and its two-hundred day moving average price is $61.92. The company has a market cap of $119.87 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Citigroup Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

C has been the subject of several research analyst reports. Oppenheimer reduced their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research note on Wednesday. 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. Morgan Stanley lowered their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday. Argus increased their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group reduced their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Get Our Latest Analysis on Citigroup

Citigroup Profile

(Free Report)

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.

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