Concurrent Investment Advisors LLC Buys 22,182 Shares of Citigroup Inc. (NYSE:C)

Concurrent Investment Advisors LLC increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 126.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,657 shares of the company's stock after purchasing an additional 22,182 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Citigroup were worth $2,815,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of C. Brighton Jones LLC lifted its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $274,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Citigroup during the 4th quarter worth approximately $210,000. E Fund Management Co. Ltd. purchased a new position in Citigroup during the 4th quarter valued at $323,000. Finally, Callan Family Office LLC purchased a new position in Citigroup during the 4th quarter valued at $897,000. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE:C opened at $88.67 on Monday. The firm has a 50 day moving average of $76.63 and a 200 day moving average of $74.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $165.61 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $88.80.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on C shares. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI upped their price target on shares of Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group lifted their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. TD Cowen began coverage on shares of Citigroup in a research report on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective for the company. Finally, Royal Bank Of Canada reduced their target price 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. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.43.

Insider Transactions at Citigroup

In other Citigroup 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 value of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.