Citigroup Inc. (NYSE:C) Shares Sold by First Interstate Bank

First Interstate Bank decreased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of Citigroup in the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the first quarter valued at about $28,000. American National Bank & Trust purchased a new stake in Citigroup in the first quarter worth $29,000. Mascagni Wealth Management Inc. purchased a new stake in Citigroup in the fourth quarter worth $34,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Citigroup by 68.2% in the first quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler reiterated an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Royal Bank Of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. Finally, Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $86.37.

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business'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 completion of the transaction, the director owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company's stock.

Citigroup Price Performance

C traded up $0.98 during trading on Thursday, reaching $86.77. 5,061,180 shares of the company traded hands, compared to its average volume of 14,615,778. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $88.83. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day simple moving average of $77.69 and a 200 day simple moving average of $74.52. The company has a market cap of $162.05 billion, a P/E ratio of 13.70, a PEG ratio of 0.66 and a beta of 1.34.

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