Citigroup Inc. (NYSE:C) Holdings Lifted by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 13.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 173,775 shares of the company's stock after purchasing an additional 20,250 shares during the period. Citigroup accounts for 5.0% of Carmel Capital Management L.L.C.'s investment portfolio, making the stock its 6th largest position. Carmel Capital Management L.L.C.'s holdings in Citigroup were worth $12,336,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in C. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup during the first quarter valued at $28,000. American National Bank & Trust purchased a new position in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup during the fourth quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Citigroup in the 4th quarter worth about $39,000. Institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the subject of several recent analyst reports. Bank of America boosted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Truist Financial dropped their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $85.43.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director owned 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Trading Up 2.2%

Shares of NYSE:C traded up $1.91 on Friday, reaching $88.67. 13,229,886 shares of the company traded hands, compared to its average volume of 14,629,018. The stock has a market capitalization of $165.61 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. The business's 50-day simple moving average is $76.22 and its 200 day simple moving average is $74.04. 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 Inc. has a 52 week low of $53.51 and a 52 week high of $88.80.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly 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 business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, 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.