Citigroup Inc. (NYSE:C) Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 38.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,766 shares of the company's stock after acquiring an additional 21,955 shares during the period. D.A. Davidson & CO.'s holdings in Citigroup were worth $5,592,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in C. Brighton Jones LLC raised its stake in Citigroup by 166.9% during the 4th 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 in the last quarter. Keybank National Association OH raised its stake in Citigroup by 6.5% during the 4th quarter. Keybank National Association OH now owns 43,906 shares of the company's stock valued at $3,091,000 after acquiring an additional 2,672 shares in the last quarter. Assetmark Inc. raised its stake in Citigroup by 28.5% during the 4th quarter. Assetmark Inc. now owns 120,978 shares of the company's stock valued at $8,516,000 after acquiring an additional 26,864 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Citigroup during the 4th quarter valued at $274,000. Finally, Raymond James Financial Inc. bought a new stake in Citigroup during the 4th quarter valued at $198,231,000. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup 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 transaction, the director 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 filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

Shares of NYSE C traded up $1.91 during mid-day trading on Friday, reaching $88.67. The company had a trading volume of 13,229,886 shares, compared to its average volume of 14,658,879. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market cap of $165.61 billion, a PE ratio of 14.01, a P/E/G ratio of 0.69 and a beta of 1.34. The company has a 50-day moving average price of $76.63 and a two-hundred day moving average price of $74.24. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.80.

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

Wall Street Analyst Weigh In

C has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America boosted their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Evercore ISI boosted their price objective on Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company 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.