Geneos Wealth Management Inc. Increases Stock Holdings in Citigroup Inc. (NYSE:C)

Geneos Wealth Management Inc. increased its stake in shares of Citigroup Inc. (NYSE:C) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,463 shares of the company’s stock after acquiring an additional 437 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Citigroup were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Citigroup by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 29,756,568 shares of the company’s stock worth $1,881,805,000 after acquiring an additional 4,620,867 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Citigroup by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after acquiring an additional 1,836,283 shares during the period. Putnam Investments LLC boosted its holdings in shares of Citigroup by 7.9% in the fourth quarter. Putnam Investments LLC now owns 17,775,952 shares of the company’s stock valued at $914,395,000 after acquiring an additional 1,300,520 shares in the last quarter. Norges Bank acquired a new position in shares of Citigroup during the fourth quarter worth about $867,599,000. Finally, Pzena Investment Management LLC boosted its holdings in Citigroup by 1.3% in the 4th quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after purchasing an additional 223,206 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on C shares. Oppenheimer lowered their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. HSBC raised their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Jefferies Financial Group raised their price target on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $65.66.

Citigroup Stock Performance

Shares of C opened at $65.71 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $66.99. The business’s fifty day moving average price is $62.62 and its 200 day moving average price is $58.80. The stock has a market capitalization of $125.34 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $20.14 billion for the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Equities research analysts forecast that Citigroup Inc. will post 5.86 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.