First Interstate Bank Has $3.47 Million Stock Holdings in Citigroup Inc. (NYSE:C)

First Interstate Bank trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,830 shares of the company's stock after selling 3,558 shares during the period. First Interstate Bank's holdings in Citigroup were worth $3,466,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Citigroup in the fourth quarter worth approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the first quarter worth approximately $28,000. American National Bank & Trust acquired a new stake in Citigroup in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the fourth quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Citigroup in the fourth quarter worth approximately $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the company'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 directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company's stock.

Citigroup Stock Down 0.4%

NYSE:C traded down $0.35 during trading hours on Friday, hitting $86.73. 10,251,072 shares of the stock traded hands, compared to its average volume of 14,550,501. The firm has a 50 day moving average price of $78.40 and a 200 day moving average price of $74.78. 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 fifty-two week low of $53.51 and a fifty-two week high of $88.83. The firm has a market cap of $161.99 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on C shares. Cowen started coverage on Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. dropped their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Bank of America upped their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Truist Financial upped their price target on Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.89.

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.