Nisa Investment Advisors LLC grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,761 shares of the company's stock after purchasing an additional 84,934 shares during the period. Nisa Investment Advisors LLC's holdings in Citigroup were worth $39,737,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in C. Orion Capital Management LLC bought a new stake in shares of Citigroup in the fourth quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Citigroup in the first quarter worth $28,000. American National Bank & Trust bought a new stake in shares of Citigroup in the first quarter worth $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup in the fourth quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.
Wall Street Analysts Forecast Growth
C has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target for the company. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Monday. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Bank of America boosted their target price on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $86.37.
Check Out Our Latest Stock Report on C
Insiders Place Their Bets
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 $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.
Citigroup Stock Performance
Shares of Citigroup stock traded up $1.28 during trading on Thursday, hitting $87.07. 9,585,767 shares of the stock were exchanged, compared to its average volume of 14,652,266. The stock's fifty day moving average is $78.07 and its 200 day moving average is $74.64. The stock has a market cap of $162.63 billion, a PE ratio of 13.76, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.83.
Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $21.60 billion during 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%. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.
About Citigroup
(
Free Report)
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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