First Horizon Advisors Inc. Has $23.47 Million Stock Position in Citigroup Inc. (NYSE:C)

First Horizon Advisors Inc. boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,616 shares of the company's stock after purchasing an additional 4,576 shares during the quarter. First Horizon Advisors Inc.'s holdings in Citigroup were worth $23,470,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in C. Orion Capital Management LLC bought a new stake in shares of Citigroup during the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new position in Citigroup during the first quarter worth $28,000. American National Bank & Trust bought a new position in shares of Citigroup in the first quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of Citigroup during the fourth quarter valued at about $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's 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 completion of the transaction, the director directly owned 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Performance

Shares of C opened at $86.69 on Thursday. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $87.13. The stock's 50-day simple moving average is $75.81 and its 200 day simple moving average is $73.92. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $161.91 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

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, topping analysts' consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Cowen assumed coverage on Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. Evercore ISI boosted 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. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research note on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.83.

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.

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