Citigroup Inc. (NYSE:C) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,232 shares of the company's stock after selling 24,148 shares during the quarter. Kintegral Advisory LLC's holdings in Citigroup were worth $3,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after purchasing an additional 11,674 shares during the period. Invesco Ltd. lifted its stake in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after buying an additional 1,970,300 shares during the last quarter. Candriam S.C.A. lifted its stake in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after buying an additional 22,657 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Citigroup by 30.1% during the fourth quarter. Mackenzie Financial Corp now owns 1,876,682 shares of the company's stock worth $132,100,000 after acquiring an additional 434,280 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on C. The Goldman Sachs Group increased their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley increased their target price on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday. 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 research report on Thursday, April 3rd. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Piper Sandler reissued an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. 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 company's stock. According to MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $85.43.

Citigroup Stock Up 2.2%

Citigroup stock opened at $88.67 on Friday. The stock's 50 day moving average price is $76.22 and its 200 day moving average price is $74.04. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.80. The company has a market cap of $165.61 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, 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 is available at this link. 0.08% of the stock is owned by company insiders.

About Citigroup

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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