Citigroup Inc. (NYSE:C) Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 81.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,350 shares of the company's stock after selling 14,908 shares during the period. Audent Global Asset Management LLC's holdings in Citigroup were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Modera Wealth Management LLC grew its position in shares of Citigroup by 8.0% during the 4th quarter. Modera Wealth Management LLC now owns 7,633 shares of the company's stock valued at $537,000 after acquiring an additional 567 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Citigroup by 136.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 207,803 shares of the company's stock valued at $14,627,000 after purchasing an additional 119,956 shares in the last quarter. Patten Group Inc. acquired a new position in Citigroup in the 4th quarter worth about $210,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Citigroup by 22.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 20,141 shares of the company's stock worth $1,418,000 after purchasing an additional 3,668 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $86.69 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $75.81 and a 200 day moving average price of $73.92. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $87.13. The stock has a market cap of $161.91 billion, a P/E ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on C. Cowen started coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating for the company. Truist Financial reduced their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Bank of America raised their target price on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. 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 research note on Wednesday, April 16th. Finally, Morgan Stanley lifted their target price on shares of Citigroup from $90.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $84.83.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was 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 $890,656.48. This represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company's stock.

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.

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