Envestnet Asset Management Inc. Has $228.50 Million Stock Position in Citigroup Inc. (NYSE:C)

Envestnet Asset Management Inc. boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,218,782 shares of the company's stock after acquiring an additional 8,332 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of Citigroup worth $228,501,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Citigroup by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after purchasing an additional 667,357 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Citigroup by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,561,690 shares of the company's stock valued at $2,714,359,000 after purchasing an additional 815,003 shares during the period. FMR LLC grew its holdings in shares of Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after acquiring an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. raised its position in shares of 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 purchasing an additional 2,804,850 shares during the period. Finally, Capital World Investors raised its position in shares of 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 purchasing an additional 25,705,141 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 0.2%

NYSE C traded up $0.19 on Wednesday, reaching $85.76. The stock had a trading volume of 9,925,200 shares, compared to its average volume of 14,662,219. The business has a 50 day moving average price of $77.35 and a 200 day moving average price of $74.45. 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 1 year low of $53.51 and a 1 year high of $88.83. The company has a market capitalization of $160.18 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.68 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last released 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. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Cowen initiated coverage on Citigroup in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Royal Bank Of Canada cut their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. TD Cowen initiated coverage on Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.37.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

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.