Cyndeo Wealth Partners LLC Sells 92,940 Shares of Citigroup Inc. (NYSE:C)

Cyndeo Wealth Partners LLC reduced its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 92.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,478 shares of the company's stock after selling 92,940 shares during the period. Cyndeo Wealth Partners LLC's holdings in Citigroup were worth $468,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in C. Price T Rowe Associates Inc. MD increased its position in Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock valued at $2,005,749,000 after buying an additional 17,525,484 shares in the last quarter. Swedbank AB bought a new position in shares of Citigroup in the first quarter valued at $253,286,000. Acadian Asset Management LLC grew its holdings in shares of Citigroup by 527.5% during the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company's stock valued at $158,521,000 after buying an additional 2,100,135 shares during the last quarter. Caxton Associates LP increased its position in shares of Citigroup by 7,393.3% during the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company's stock worth $127,453,000 after acquiring an additional 1,988,494 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Citigroup by 1,749.2% in the 1st quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company's stock worth $82,985,000 after acquiring an additional 1,243,249 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Price Performance

C opened at $61.84 on Tuesday. The firm has a 50-day moving average price of $61.43 and a 200-day moving average price of $61.92. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $117.96 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the prior year, the company earned $1.52 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on C. BMO Capital Markets lifted their price target on Citigroup from $63.00 to $65.00 and gave the company a "market perform" rating in a research note on Thursday, July 11th. Evercore ISI raised their price objective on Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Bank of America upped their target price on Citigroup from $77.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Oppenheimer dropped their price target on Citigroup from $92.00 to $91.00 and set an "outperform" rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus 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.