Argentarii LLC Acquires Shares of 15,179 Citigroup Inc. (NYSE:C)

Argentarii LLC acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,179 shares of the company's stock, valued at approximately $1,078,000.

Several other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the 1st quarter worth about $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup in the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup in the 4th quarter worth about $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 1.3%

C traded down $1.16 on Monday, reaching $87.56. 12,401,295 shares of the company's stock were exchanged, compared to its average volume of 14,649,853. The company's 50 day moving average is $76.63 and its 200-day moving average is $74.24. The company has a market cap of $163.54 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.69 and a beta of 1.34. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.82. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The firm 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%. Equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Insider Transactions at Citigroup

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 transaction of $301,504.42. Following the completion of the sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on C shares. Bank of America boosted their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Royal Bank Of Canada cut their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Morgan Stanley boosted their target price on shares of Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.43.

Citigroup 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.