AIA Group Ltd Invests $7.13 Million in Citigroup Inc. (NYSE:C)

AIA Group Ltd acquired a new position in shares of Citigroup Inc. (NYSE:C) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,721 shares of the company’s stock, valued at approximately $7,128,000.

Several other institutional investors and hedge funds also recently modified their holdings of C. Family Legacy Inc. increased its holdings in Citigroup by 2.9% during the 1st quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after purchasing an additional 179 shares in the last quarter. Accel Wealth Management increased its holdings in 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. Massachusetts Wealth Management increased its holdings in Citigroup by 0.5% during the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after purchasing an additional 192 shares in the last quarter. Founders Capital Management increased its holdings in Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares in the last quarter. Finally, Cowa LLC increased its holdings in Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after purchasing an additional 200 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

C traded down $1.17 during trading on Friday, reaching $64.54. The stock had a trading volume of 30,117,249 shares, compared to its average volume of 15,025,734. The stock has a market cap of $123.11 billion, a PE ratio of 19.09, a PEG ratio of 0.95 and a beta of 1.46. 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 Inc. has a one year low of $38.17 and a one year high of $66.99. The business has a 50-day moving average of $62.68 and a 200-day moving average of $58.89.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current fiscal year.

Analyst Ratings Changes

C has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Piper Sandler upped their target price on Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, April 15th. HSBC upped their target price on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Oppenheimer reduced their target price on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $65.66.

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.