GF Fund Management CO. LTD. Has $651,000 Stock Holdings in Citigroup Inc. (NYSE:C)

GF Fund Management CO. LTD. grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 883.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,170 shares of the company's stock after acquiring an additional 8,238 shares during the period. GF Fund Management CO. LTD.'s holdings in Citigroup were worth $651,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of Citigroup in the fourth quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the first quarter valued at $28,000. American National Bank & Trust purchased a new stake in Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the 4th quarter valued at about $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on C shares. Evercore ISI increased their price target on Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Wednesday. Truist Financial decreased their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley raised their target price on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler reaffirmed an "overweight" rating and set a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada reduced their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $85.43.

Citigroup Stock Up 2.2%

Shares of C traded up $1.91 during mid-day trading on Friday, reaching $88.67. The company's stock had a trading volume of 13,229,886 shares, compared to its average volume of 14,629,018. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $88.80. The company has a market cap of $165.61 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. 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 business has a fifty day moving average of $76.63 and a 200 day moving average of $74.16.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The business 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%. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Company 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.