Moss Adams Wealth Advisors LLC Grows Holdings in Citigroup Inc. (NYSE:C)

Moss Adams Wealth Advisors LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 8.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,997 shares of the company’s stock after purchasing an additional 852 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Citigroup were worth $688,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in C. Price T Rowe Associates Inc. MD grew its position in shares of Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock worth $2,005,749,000 after buying an additional 17,525,484 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Citigroup by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 30,007,284 shares of the company’s stock valued at $1,904,262,000 after purchasing an additional 250,716 shares in the last quarter. Legal & General Group Plc increased its holdings in Citigroup by 5.5% during the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after buying an additional 913,231 shares during the period. Greenhaven Associates Inc. raised its stake in Citigroup by 1.5% in the third quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after buying an additional 242,545 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Citigroup by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 9,300,447 shares of the company’s stock worth $590,106,000 after buying an additional 168,070 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on C. BMO Capital Markets boosted their price target on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus lifted their price target on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Evercore ISI upped their price target on Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Price Performance

Shares of NYSE:C opened at $62.85 on Friday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. 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 cap of $119.87 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The company’s 50 day moving average is $61.35 and its 200 day moving average is $61.92.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Citigroup Inc. will post 5.76 EPS for the current 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.