New Mexico Educational Retirement Board Has $6.28 Million Position in Citigroup Inc. (NYSE:C)

New Mexico Educational Retirement Board lowered its holdings in Citigroup Inc. (NYSE:C) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,426 shares of the company’s stock after selling 2,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Citigroup were worth $6,277,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Citigroup during the 4th quarter worth $1,935,599,000. Capital World Investors raised its stake in shares of Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock worth $2,206,908,000 after purchasing an additional 25,705,141 shares during the period. FMR LLC raised its stake in shares of Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company’s stock worth $2,418,754,000 after purchasing an additional 7,863,718 shares during the period. Franklin Resources Inc. raised its stake in shares of Citigroup by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares during the period. Finally, Capital International Investors raised its stake in Citigroup by 148.6% in the 4th quarter. Capital International Investors now owns 4,524,890 shares of the company’s stock valued at $318,507,000 after acquiring an additional 2,704,783 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on C shares. Bank of America boosted their price objective on Citigroup from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. decreased their price target on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. TD Cowen started coverage on Citigroup in a research report on Thursday, May 15th. They set a “hold” rating and a $83.00 price target on the stock. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley upped their price target on Citigroup from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.43.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director owned 13,048 shares of the company’s stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $85.58 on Wednesday. The firm has a market cap of $159.84 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.83. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average price of $77.35 and a 200-day moving average price of $74.45.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share 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.