Citigroup Inc. (NYSE:C) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,067 shares of the company's stock after purchasing an additional 12,863 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Citigroup were worth $5,826,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the 1st quarter worth $28,000. American National Bank & Trust acquired a new position in Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup during the 4th quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup during the 4th quarter worth $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Trading Up 2.2%

Shares of NYSE:C opened at $88.67 on Friday. The company has a market cap of $165.61 billion, a PE ratio of 14.01, a P/E/G ratio of 0.69 and a beta of 1.34. The company's 50-day moving average price is $76.63 and its 200 day moving average price is $74.16. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52.

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

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Piper Sandler reissued an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Morgan Stanley lifted their price target on shares of Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday. TD Cowen began coverage on shares of Citigroup in a report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Citigroup from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently 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.

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