Cohen Investment Advisors LLC Has $2.97 Million Stock Position in Citigroup Inc. (NYSE:C)

Cohen Investment Advisors LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 10.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,920 shares of the company’s stock after acquiring an additional 4,434 shares during the quarter. Citigroup makes up approximately 1.9% of Cohen Investment Advisors LLC’s holdings, making the stock its 22nd biggest position. Cohen Investment Advisors LLC’s holdings in Citigroup were worth $2,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Everett Harris & Co. CA increased its position in shares of Citigroup by 80.8% in the first quarter. Everett Harris & Co. CA now owns 17,073 shares of the company’s stock valued at $1,080,000 after acquiring an additional 7,632 shares during the last quarter. FCG Investment Co increased its position in shares of Citigroup by 16.1% during the 1st quarter. FCG Investment Co now owns 8,808 shares of the company’s stock worth $557,000 after purchasing an additional 1,220 shares during the last quarter. New Century Financial Group LLC raised its stake in shares of Citigroup by 4.1% during the 1st quarter. New Century Financial Group LLC now owns 23,587 shares of the company’s stock worth $1,492,000 after purchasing an additional 938 shares in the last quarter. Accel Wealth Management raised its stake in shares of Citigroup by 3.9% during the 1st quarter. Accel Wealth Management now owns 4,919 shares of the company’s stock worth $311,000 after purchasing an additional 185 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Citigroup by 8.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 38,263 shares of the company’s stock valued at $2,420,000 after buying an additional 2,922 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Evercore ISI upped their target price on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price target on shares of Citigroup in a report on Thursday, June 20th. Oppenheimer dropped their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Stock Performance

Shares of C stock traded down $0.22 on Thursday, hitting $64.46. The company’s stock had a trading volume of 6,574,081 shares, compared to its average volume of 12,098,750. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $65.22. The company has a market capitalization of $122.95 billion, a PE ratio of 19.07, a PEG ratio of 0.99 and a beta of 1.46. The stock’s 50 day moving average is $62.25 and its 200-day moving average is $58.27. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last announced its earnings results 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 for the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. Equities research analysts expect that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Company 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.