Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys New Shares in Citigroup Inc. $C

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Citigroup Inc. (NYSE:CFree Report) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,890 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMB Wealth Management lifted its position in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock valued at $266,000 after buying an additional 103 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in Citigroup by 2.1% in the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock worth $506,000 after acquiring an additional 104 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its stake in Citigroup by 3.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after acquiring an additional 109 shares during the period. Highline Wealth Partners LLC lifted its holdings in Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after purchasing an additional 109 shares in the last quarter. Finally, Fullcircle Wealth LLC lifted its holdings in Citigroup by 0.9% during the second quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a research note on Monday, January 5th. Oppenheimer dropped their target price on shares of Citigroup from $123.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Piper Sandler restated an “overweight” rating on shares of Citigroup in a research report on Friday. Finally, Truist Financial upped their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

View Our Latest Analysis on C

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Citigroup Trading Down 3.0%

Shares of C stock opened at $117.62 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $210.46 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.18. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The stock’s 50-day moving average price is $109.48 and its 200-day moving average price is $100.42.

Citigroup (NYSE:CGet Free Report) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter last year, the business posted $1.51 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

About Citigroup

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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