Beirne Wealth Consulting Services LLC Makes New $308,000 Investment in Citigroup Inc. (NYSE:C)

Beirne Wealth Consulting Services LLC bought a new stake in Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,339 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after purchasing an additional 120 shares during the period. Insight Inv LLC grew its holdings in shares of Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after purchasing an additional 146 shares during the last quarter. Trust Co. of Vermont boosted its position in Citigroup by 14.3% during the 1st quarter. Trust Co. of Vermont now owns 1,196 shares of the company's stock valued at $85,000 after purchasing an additional 150 shares during the period. Finally, Cadence Bank boosted its position in Citigroup by 3.8% during the 4th quarter. Cadence Bank now owns 4,162 shares of the company's stock valued at $293,000 after purchasing an additional 151 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on C. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Truist Financial increased their price objective on Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday. Royal Bank Of Canada cut 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. Cowen started coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Finally, TD Cowen started coverage on Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.89.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the 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 transaction, the director owned 13,048 shares in the company, 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 is accessible through this link. Insiders own 0.08% of the company's stock.

Citigroup Stock Down 0.4%

Shares of NYSE:C opened at $86.73 on Friday. The company has a 50 day moving average of $78.40 and a 200-day moving average of $74.75. 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 $161.99 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 0.68 and a beta of 1.34. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.83.

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

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