West Oak Capital LLC Raises Stake in Citigroup Inc. (NYSE:C)

West Oak Capital LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 11.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,993 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. West Oak Capital LLC’s holdings in Citigroup were worth $2,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Moss Adams Wealth Advisors LLC increased its stake in Citigroup by 8.4% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 10,997 shares of the company’s stock valued at $688,000 after purchasing an additional 852 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Citigroup by 70.2% in the third quarter. Accurate Wealth Management LLC now owns 16,302 shares of the company’s stock worth $1,021,000 after purchasing an additional 6,723 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in shares of Citigroup by 0.4% during the third quarter. KMG Fiduciary Partners LLC now owns 40,802 shares of the company’s stock valued at $2,554,000 after buying an additional 182 shares during the last quarter. Stratos Investment Management LLC lifted its stake in Citigroup by 98.9% during the 3rd quarter. Stratos Investment Management LLC now owns 73,577 shares of the company’s stock valued at $4,606,000 after acquiring an additional 36,576 shares during the period. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Citigroup by 38.8% in the third quarter. Aaron Wealth Advisors LLC now owns 9,770 shares of the company’s stock worth $612,000 after acquiring an additional 2,732 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $62.85 on Friday. The company’s 50-day simple moving average is $61.35 and its two-hundred day simple moving average is $61.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The company has a market capitalization of $119.87 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on C shares. Bank of America lifted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley reduced their price objective on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler raised their target price on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Oppenheimer reduced their price target on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays raised their price objective on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.06.

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.