Bank of New York Mellon Corp Acquires 44,882 Shares of Citigroup Inc. (NYSE:C)

Bank of New York Mellon Corp increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,116,008 shares of the company's stock after acquiring an additional 44,882 shares during the quarter. Bank of New York Mellon Corp owned about 1.33% of Citigroup worth $1,782,985,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. World Investment Advisors boosted its holdings in shares of Citigroup by 25.9% in the 1st quarter. World Investment Advisors now owns 33,614 shares of the company's stock valued at $2,386,000 after purchasing an additional 6,908 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in Citigroup by 6.4% during the first quarter. Capital Investment Advisory Services LLC now owns 6,092 shares of the company's stock valued at $432,000 after acquiring an additional 366 shares during the last quarter. Strategic Blueprint LLC bought a new stake in shares of Citigroup during the 1st quarter valued at about $3,088,000. Brookstone Capital Management raised its holdings in shares of Citigroup by 57.3% during the first quarter. Brookstone Capital Management now owns 56,674 shares of the company's stock valued at $4,023,000 after purchasing an additional 20,640 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Citigroup by 28.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,964 shares of the company's stock worth $423,000 after buying an additional 1,316 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In other 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 transaction, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Stock Performance

NYSE C traded up $1.91 on Friday, hitting $88.67. 13,229,886 shares of the stock traded hands, compared to its average volume of 14,658,879. 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 $76.63 and its two-hundred day moving average is $74.16. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.80. The firm has a market capitalization of $165.61 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 the consensus estimate of $21.34 billion. As a group, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on C shares. Morgan Stanley boosted their target price on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday. Evercore ISI increased their price objective on Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Wednesday. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price 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.