Argentarii LLC Invests $1.08 Million in Citigroup Inc. (NYSE:C)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the first quarter valued at $28,000. American National Bank & Trust acquired a new stake in shares of Citigroup during the first quarter worth $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup in the 4th quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Stock Down 0.8%

Shares of C stock traded down $0.75 during trading on Monday, hitting $87.97. 4,528,865 shares of the company were exchanged, compared to its average volume of 15,735,805. The business's 50-day simple moving average is $76.63 and its 200 day simple moving average is $74.24. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83. The firm has a market capitalization of $164.30 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.69 and a beta of 1.34. 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 quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred 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 owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

C has been the topic of a number of recent research reports. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Monday. Royal Bank Of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday. Finally, TD Cowen started coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $85.43.

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.