Hedeker Wealth LLC Has $5.67 Million Stake in Citigroup Inc. (NYSE:C)

Hedeker Wealth LLC lifted its stake in shares of Citigroup Inc. (NYSE:C) by 21.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,596 shares of the company’s stock after buying an additional 15,599 shares during the quarter. Citigroup comprises approximately 1.6% of Hedeker Wealth LLC’s investment portfolio, making the stock its 20th largest holding. Hedeker Wealth LLC’s holdings in Citigroup were worth $5,666,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Citigroup in the 4th quarter worth $867,599,000. International Assets Investment Management LLC bought a new position in shares of Citigroup in the 4th quarter worth $2,109,120,000. Greenhaven Associates Inc. lifted its holdings in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Citigroup by 873.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 2,138,865 shares of the company’s stock worth $135,262,000 after purchasing an additional 1,919,170 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock valued at $1,273,411,000 after acquiring an additional 1,836,283 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

C traded up $0.20 during trading hours on Wednesday, hitting $64.88. The stock had a trading volume of 1,443,964 shares, compared to its average volume of 14,950,687. The company’s fifty day simple moving average is $62.15 and its 200 day simple moving average is $58.18. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $65.03. The stock has a market cap of $123.75 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 5.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on C shares. Jefferies Financial Group raised their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Royal Bank of Canada raised their price objective on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. 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. Finally, Oppenheimer dropped their price objective on Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.16.

About Citigroup

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.