Davidson Investment Advisors Acquires 12,843 Shares of Citigroup Inc. (NYSE:C)

Davidson Investment Advisors boosted its stake in Citigroup Inc. (NYSE:C - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,928 shares of the company's stock after purchasing an additional 12,843 shares during the quarter. Citigroup comprises about 1.6% of Davidson Investment Advisors' holdings, making the stock its 14th biggest position. Davidson Investment Advisors' holdings in Citigroup were worth $31,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Citigroup during the fourth quarter valued at about $1,935,599,000. Capital World Investors increased its holdings in Citigroup by 455.2% during the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after buying an additional 25,705,141 shares during the last quarter. FMR LLC increased its holdings in Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. increased its holdings in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after buying an additional 2,804,850 shares during the last quarter. Finally, Capital International Investors increased its holdings in Citigroup by 148.6% during the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock worth $318,507,000 after buying an additional 2,704,783 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction 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 of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

NYSE:C traded down $1.16 on Monday, hitting $87.56. The stock had a trading volume of 12,401,295 shares, compared to its average volume of 14,649,844. The business's 50-day simple moving average is $76.63 and its two-hundred day simple moving average is $74.24. The stock has a market cap of $163.54 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.82. 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 issued its quarterly earnings results 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The business had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on C shares. Royal Bank Of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a report on Monday. Wall Street Zen lowered Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. TD Cowen assumed coverage on Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.43.

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.