Alpine Woods Capital Investors LLC Grows Stock Holdings in Citigroup Inc. (NYSE:C)

Alpine Woods Capital Investors LLC grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,000 shares of the company's stock after purchasing an additional 7,828 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Citigroup were worth $2,414,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in C. Leavell Investment Management Inc. raised its stake in Citigroup by 296.5% in the 1st quarter. Leavell Investment Management Inc. now owns 14,405 shares of the company's stock valued at $1,023,000 after acquiring an additional 10,772 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of Citigroup by 6.1% in the first quarter. Quotient Wealth Partners LLC now owns 5,859 shares of the company's stock worth $416,000 after purchasing an additional 339 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Citigroup by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 559,761 shares of the company's stock valued at $39,737,000 after purchasing an additional 84,934 shares during the period. LBP AM SA lifted its stake in shares of Citigroup by 10.1% during the 1st quarter. LBP AM SA now owns 119,955 shares of the company's stock valued at $8,516,000 after buying an additional 11,002 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Citigroup by 5.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 57,171 shares of the company's stock valued at $4,059,000 after buying an additional 2,808 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 0.4%

Shares of C traded down $0.35 during mid-day trading on Friday, reaching $86.73. The company's stock had a trading volume of 10,251,072 shares, compared to its average volume of 14,550,501. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $88.83. The stock has a market cap of $161.99 billion, a PE ratio of 13.70, a P/E/G ratio of 0.67 and a beta of 1.34. The company's fifty day moving average price is $78.40 and its two-hundred day moving average price is $74.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

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 net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 transaction, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

C has been the subject of several recent research reports. TD Cowen began coverage on Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and set a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Morgan Stanley increased their price target on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $87.89.

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.