Citigroup Inc. (NYSE:C) is Hudson Edge Investment Partners Inc.'s 6th Largest Position

Hudson Edge Investment Partners Inc. trimmed its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,634 shares of the company's stock after selling 16,905 shares during the period. Citigroup comprises 1.5% of Hudson Edge Investment Partners Inc.'s holdings, making the stock its 6th largest position. Hudson Edge Investment Partners Inc.'s holdings in Citigroup were worth $7,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Citigroup by 16.4% during the 1st quarter. Private Trust Co. NA now owns 11,453 shares of the company's stock valued at $813,000 after acquiring an additional 1,610 shares during the period. Pinnacle Financial Partners Inc grew its holdings in Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock valued at $1,317,000 after purchasing an additional 15,436 shares during the period. Miller Howard Investments Inc. NY acquired a new stake in Citigroup in the first quarter valued at approximately $33,047,000. Aaron Wealth Advisors LLC grew its holdings in Citigroup by 8.9% in the first quarter. Aaron Wealth Advisors LLC now owns 11,603 shares of the company's stock valued at $824,000 after purchasing an additional 947 shares during the period. Finally, Alterna Wealth Management Inc. grew its holdings in Citigroup by 9.0% in the first quarter. Alterna Wealth Management Inc. now owns 3,645 shares of the company's stock valued at $259,000 after purchasing an additional 300 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Citigroup 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 sale, the director owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.08% of the company's stock.

Citigroup Trading Up 2.2%

C stock traded up $1.91 during trading on Friday, reaching $88.67. 13,229,886 shares of the stock were exchanged, compared to its average volume of 14,629,018. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average price of $76.63 and a 200-day moving average price of $74.16. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $88.80. The firm has a market capitalization of $165.61 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

C has been the topic of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Bank of America lifted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. The Goldman Sachs Group lifted their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday. 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 note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.43.

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.