Amalgamated Bank Boosts Stake in Citigroup Inc. (NYSE:C)

Amalgamated Bank grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,943 shares of the company's stock after purchasing an additional 4,411 shares during the quarter. Amalgamated Bank's holdings in Citigroup were worth $26,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Citigroup in the 4th quarter worth approximately $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the first quarter worth $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at $34,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup during the 4th quarter valued at $39,000. Finally, Whipplewood Advisors LLC boosted its holdings in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after buying an additional 252 shares during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of Citigroup stock traded up $1.91 during trading hours on Thursday, reaching $88.67. The company's stock had a trading volume of 13,229,886 shares, compared to its average volume of 15,828,541. The firm has a 50 day moving average price of $75.81 and a 200-day moving average price of $73.92. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $165.61 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.67 and a beta of 1.34. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.80.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares in the company, 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 through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on C shares. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Royal Bank Of Canada dropped their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Bank of America lifted their price objective on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Finally, Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.43.

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.