Viewpoint Capital Management LLC Has $4.39 Million Stake in Citigroup Inc. (NYSE:C)

Viewpoint Capital Management LLC lifted its stake in Citigroup Inc. (NYSE:C) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,800 shares of the company’s stock after buying an additional 740 shares during the period. Citigroup comprises 2.4% of Viewpoint Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Viewpoint Capital Management LLC’s holdings in Citigroup were worth $4,387,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Orion Capital Management LLC acquired a new position in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new position in Citigroup in the first quarter worth about $28,000. American National Bank & Trust acquired a new position in Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the fourth quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup in the fourth quarter worth about $39,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Oppenheimer reaffirmed an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI raised their price objective on shares of Citigroup from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.43.

Citigroup Stock Performance

Shares of Citigroup stock opened at $88.67 on Friday. The company has a 50 day moving average of $76.63 and a 200-day moving average of $74.20. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.80. 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 company has a market cap of $165.61 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value 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 represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by insiders.

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.