Concurrent Investment Advisors LLC Boosts Stock Position in Citigroup Inc. (NYSE:C)

Concurrent Investment Advisors LLC grew 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 disclosure with the Securities & Exchange Commission. The firm owned 39,657 shares of the company's stock after buying an additional 22,182 shares during the period. Concurrent Investment Advisors LLC's holdings in Citigroup were worth $2,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in shares of Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its stake in Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock worth $459,000 after buying an additional 120 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC increased its holdings in shares of Citigroup by 1.6% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after buying an additional 135 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Citigroup by 3.4% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after buying an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock worth $419,000 after acquiring an additional 139 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction of $301,504.42. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.

Citigroup Trading Down 1.3%

Shares of C traded down $1.16 during trading hours on Monday, reaching $87.56. 12,401,295 shares of the company traded hands, compared to its average volume of 14,649,842. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.82. 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's fifty day moving average price is $76.63 and its two-hundred day moving average price is $74.24. The company has a market capitalization of $163.54 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on C shares. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Morgan Stanley raised their price objective on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday. Piper Sandler reissued an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Truist Financial reduced their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group boosted their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $85.43.

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.