Citigroup Inc. (NYSE:C) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Citigroup Inc. (NYSE:C - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,625,493 shares of the company's stock after acquiring an additional 90,943 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of Citigroup worth $257,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in C. Brighton Jones LLC boosted its position in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Citigroup during the fourth quarter worth $274,000. Avantax Advisory Services Inc. boosted its holdings in Citigroup by 5.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 70,158 shares of the company's stock valued at $4,938,000 after purchasing an additional 3,811 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Citigroup in the fourth quarter valued at $12,143,000. Finally, LBP AM SA boosted its holdings in Citigroup by 1,176.2% in the fourth quarter. LBP AM SA now owns 108,953 shares of the company's stock valued at $7,669,000 after purchasing an additional 100,416 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on C shares. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Morgan Stanley lifted their target price on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Truist Financial lifted their target price on Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $87.89.

Insider Activity at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of C traded down $0.35 during midday trading on Friday, reaching $86.73. 10,251,072 shares of the stock were exchanged, compared to its average volume of 14,550,501. The business's 50-day moving average price is $78.40 and its 200 day moving average price is $74.78. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83. The company has a market capitalization of $161.99 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34.

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