17,545 Shares in Citigroup Inc. (NYSE:C) Acquired by Arjuna Capital

Arjuna Capital purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,545 shares of the company's stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Citigroup by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after purchasing an additional 667,357 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after purchasing an additional 815,003 shares in the last quarter. FMR LLC raised its holdings in shares of Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Citigroup by 455.2% in the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on C shares. TD Cowen started coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective on the stock. Piper Sandler reiterated an "overweight" rating and set a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday, July 7th. Truist Financial lifted their price target on shares of Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.89.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction 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 represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Price Performance

C traded up $0.25 on Monday, hitting $86.98. 4,791,470 shares of the company were exchanged, compared to its average volume of 15,597,902. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The business's fifty day moving average is $78.40 and its 200 day moving average is $74.80. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.83. The firm has a market capitalization of $162.45 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

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.