Crossmark Global Holdings Inc. decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 344,091 shares of the company's stock after selling 7,401 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Citigroup were worth $24,427,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in C. Brighton Jones LLC increased its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Citigroup during the fourth quarter worth $274,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at $210,000. E Fund Management Co. Ltd. purchased a new stake in shares of Citigroup in the 4th quarter valued at $323,000. Finally, Callan Family Office LLC acquired a new position in Citigroup during the 4th quarter worth about $897,000. Hedge funds and other institutional investors own 71.72% of the company's stock.
Citigroup Stock Down 1.3%
Shares of Citigroup stock traded down $1.16 on Monday, reaching $87.56. 12,401,295 shares of the company were exchanged, compared to its average volume of 14,649,843. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.82. The company has a market cap of $163.54 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.69 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 stock's 50 day moving average price is $76.63 and its 200-day moving average price is $74.24.
Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS 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 business had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.
Analyst Ratings Changes
C has been the subject of several research reports. Morgan Stanley lifted their target price on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday. Truist Financial cut their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Bank of America boosted their price target on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group boosted 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, July 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.43.
Check Out Our Latest Report on C
Insider Transactions at Citigroup
In related news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
About Citigroup
(
Free Report)
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.
Further Reading
Before you consider Citigroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.
While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
