KMG Fiduciary Partners LLC Buys 182 Shares of Citigroup Inc. (NYSE:C)

KMG Fiduciary Partners LLC boosted its stake in Citigroup Inc. (NYSE:C) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 40,802 shares of the company’s stock after acquiring an additional 182 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Citigroup were worth $2,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stratos Investment Management LLC raised its position in shares of Citigroup by 98.9% in the third quarter. Stratos Investment Management LLC now owns 73,577 shares of the company’s stock worth $4,606,000 after buying an additional 36,576 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Citigroup by 38.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 9,770 shares of the company’s stock valued at $612,000 after acquiring an additional 2,732 shares in the last quarter. Stonegate Investment Group LLC increased its position in shares of Citigroup by 30.3% in the third quarter. Stonegate Investment Group LLC now owns 11,717 shares of the company’s stock worth $733,000 after purchasing an additional 2,723 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Citigroup by 2.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 11,465 shares of the company’s stock worth $718,000 after buying an additional 225 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Citigroup by 3.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 228,919 shares of the company’s stock worth $14,330,000 after buying an additional 7,878 shares during 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. Oppenheimer dropped their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler upped their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Barclays raised their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets upped their target price on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Bank of America upped their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Price Performance

Shares of NYSE C opened at $62.85 on Friday. The firm has a market cap of $119.87 billion, a P/E ratio of 17.60, a PEG ratio of 0.74 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a 50 day moving average of $61.35 and a 200 day moving average of $61.92.

Citigroup (NYSE:C) last posted its 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 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 analysts’ expectations of $19.86 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts expect that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

About Citigroup

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.