Calamos Advisors LLC Buys 4,013 Shares of Citigroup Inc. (NYSE:C)

Calamos Advisors LLC lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,728 shares of the company's stock after acquiring an additional 4,013 shares during the period. Calamos Advisors LLC's holdings in Citigroup were worth $37,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Keybank National Association OH boosted its stake in Citigroup by 6.5% in the 4th quarter. Keybank National Association OH now owns 43,906 shares of the company's stock worth $3,091,000 after purchasing an additional 2,672 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in Citigroup by 13.0% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 14,768 shares of the company's stock worth $1,040,000 after purchasing an additional 1,704 shares during the period. Assetmark Inc. boosted its position in shares of Citigroup by 28.5% during the fourth quarter. Assetmark Inc. now owns 120,978 shares of the company's stock worth $8,516,000 after acquiring an additional 26,864 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Citigroup during the fourth quarter worth $274,000. Institutional investors own 71.72% of the company's stock.

Insider Transactions at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on C. Bank of America upped their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Piper Sandler reissued an "overweight" rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen started coverage on Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price target for the company. The Goldman Sachs Group increased their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley increased their price target on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.43.

Citigroup Trading Up 2.2%

C traded up $1.91 during trading on Friday, reaching $88.67. The company had a trading volume of 13,229,886 shares, compared to its average volume of 14,658,879. The business has a 50 day simple moving average of $76.63 and a 200-day simple moving average of $74.20. The stock has a market cap of $165.61 billion, a P/E ratio of 14.01, a PEG ratio of 0.69 and a beta of 1.34. 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 Inc. has a 52 week low of $53.51 and a 52 week high of $88.80.

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 the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup 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.