LRI Investments LLC Has $614,000 Stock Holdings in Citigroup Inc. (NYSE:C)

LRI Investments LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 5.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 8,654 shares of the company’s stock after selling 474 shares during the quarter. LRI Investments LLC’s holdings in Citigroup were worth $614,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after purchasing an additional 11,674 shares in the last quarter. Invesco Ltd. lifted its position in shares of Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. Brighton Jones LLC boosted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in Citigroup in the first quarter valued at about $214,000. Finally, Pinnacle Financial Partners Inc raised its stake in Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company’s stock worth $1,317,000 after acquiring an additional 15,436 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.4%

Shares of C stock opened at $86.73 on Monday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market cap of $161.99 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34. The stock has a 50-day moving average of $78.40 and a 200-day moving average of $74.80.

Citigroup (NYSE:C) last released its earnings results 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director owned 13,048 shares of the company’s stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on C shares. Morgan Stanley raised their price target on shares of Citigroup from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Royal Bank Of Canada dropped their price objective on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating for the company. Finally, TD Cowen started coverage on Citigroup in a report on Thursday, May 15th. They set a “hold” rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.89.

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.