DekaBank Deutsche Girozentrale Buys 683,846 Shares of Citigroup Inc. (NYSE:C)

DekaBank Deutsche Girozentrale boosted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 88.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,454,456 shares of the company's stock after acquiring an additional 683,846 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of Citigroup worth $100,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at $28,000. American National Bank & Trust acquired a new position in shares of Citigroup in the 1st quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup during the fourth quarter worth $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated 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 $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

C has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Piper Sandler reissued an "overweight" rating and set a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. TD Cowen assumed coverage on shares of Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price objective on the stock. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. decreased 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.89.

Citigroup Stock Performance

Shares of C traded down $0.35 on Friday, reaching $86.73. 10,251,072 shares of the stock traded hands, compared to its average volume of 14,550,501. The firm has a market cap of $161.99 billion, a price-to-earnings ratio of 13.70, a P/E/G 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. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $88.83. The stock's 50-day moving average price is $78.40 and its 200-day moving average price is $74.78.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The company 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%. Equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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.