Alta Advisers Ltd Has $665,000 Holdings in Citigroup Inc. (NYSE:C)

Alta Advisers Ltd grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 49.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,364 shares of the company's stock after buying an additional 3,100 shares during the quarter. Alta Advisers Ltd's holdings in Citigroup were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup in the first quarter valued at approximately $28,000. American National Bank & Trust acquired a new position in shares of Citigroup in the first quarter valued at approximately $29,000. Mascagni Wealth Management Inc. bought a new stake in shares of Citigroup during the fourth quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup during the fourth quarter worth $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock traded up $1.91 during mid-day trading on Thursday, reaching $88.67. 13,225,146 shares of the company were exchanged, compared to its average volume of 14,596,910. The firm has a market cap of $165.61 billion, a PE ratio of 14.01, a PEG 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. The company has a fifty day simple moving average of $75.81 and a 200-day simple moving average of $73.92. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.79.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on C. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. The Goldman Sachs Group boosted their target price on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley raised their price target 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. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, TD Cowen initiated coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $85.43.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm'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 sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

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.