Hedeker Wealth LLC Grows Holdings in Citigroup Inc. (NYSE:C)

Hedeker Wealth LLC raised its position in Citigroup Inc. (NYSE:C) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,596 shares of the company’s stock after purchasing an additional 15,599 shares during the period. Citigroup comprises about 1.6% of Hedeker Wealth LLC’s investment portfolio, making the stock its 20th largest position. Hedeker Wealth LLC’s holdings in Citigroup were worth $5,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup during the 4th quarter worth about $29,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Citigroup by 1,962.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Citigroup during the 4th quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Citigroup during the 4th quarter worth about $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on C. Royal Bank of Canada increased their target price 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. HSBC increased their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Jefferies Financial Group increased their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Wells Fargo & Company reissued an “overweight” rating and set a $80.00 target price on shares of Citigroup in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

Citigroup Stock Up 0.3 %

Citigroup stock traded up $0.20 during trading hours on Wednesday, hitting $64.88. The company had a trading volume of 1,443,964 shares, compared to its average volume of 14,950,687. The firm has a market capitalization of $123.75 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average is $62.15 and its 200-day moving average is $58.18. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $65.03.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. On average, research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.

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.