Nisa Investment Advisors LLC Increases Stock Position in Citigroup Inc. (NYSE:C)

Nisa Investment Advisors LLC grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 559,761 shares of the company's stock after purchasing an additional 84,934 shares during the quarter. Nisa Investment Advisors LLC's holdings in Citigroup were worth $39,737,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. LBP AM SA raised its holdings in shares of Citigroup by 10.1% in the 1st quarter. LBP AM SA now owns 119,955 shares of the company's stock valued at $8,516,000 after purchasing an additional 11,002 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Citigroup by 5.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 57,171 shares of the company's stock worth $4,059,000 after buying an additional 2,808 shares during the last quarter. Westbourne Investment Advisors Inc. grew its position in shares of Citigroup by 1.1% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 79,541 shares of the company's stock worth $5,647,000 after buying an additional 860 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of Citigroup by 3.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 7,530 shares of the company's stock worth $535,000 after buying an additional 252 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Citigroup by 68.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after buying an additional 234 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of Citigroup stock traded up $1.07 during trading hours on Thursday, reaching $86.86. 4,891,579 shares of the company's stock were exchanged, compared to its average volume of 14,614,971. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $88.83. The company has a market capitalization of $162.24 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34. The business has a fifty day moving average of $77.69 and a two-hundred day moving average of $74.52. 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 released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $21.34 billion. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on C. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.37.

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.