Harmony Asset Management LLC Purchases 3,220 Shares of Citigroup Inc. (NYSE:C)

Harmony Asset Management LLC increased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,412 shares of the company's stock after buying an additional 3,220 shares during the period. Harmony Asset Management LLC's holdings in Citigroup were worth $810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of C. Brighton Jones LLC lifted its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Citigroup in the 4th quarter worth approximately $274,000. Moors & Cabot Inc. lifted its stake in Citigroup by 7.3% in the 4th quarter. Moors & Cabot Inc. now owns 17,128 shares of the company's stock worth $1,206,000 after purchasing an additional 1,162 shares in the last quarter. Essential Planning LLC. purchased a new stake in Citigroup in the 4th quarter worth approximately $639,000. Finally, Avantax Advisory Services Inc. raised its position in shares of Citigroup by 5.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 70,158 shares of the company's stock valued at $4,938,000 after buying an additional 3,811 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 0.4%

NYSE:C traded down $0.35 during mid-day trading on Friday, hitting $86.73. 10,251,072 shares of the company's stock were exchanged, compared to its average volume of 14,612,801. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.83. 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 business has a fifty day moving average price of $78.40 and a 200 day moving average price of $74.75. The company has a market cap of $161.99 billion, a PE ratio of 13.70, a P/E/G ratio of 0.68 and a beta of 1.34.

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 the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Wall Street Analysts Forecast Growth

C has been the topic of several research reports. Bank of America raised their price objective on shares of Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research report on Monday, July 7th. Morgan Stanley lifted 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, July 3rd. Royal Bank Of Canada decreased their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. decreased their target price 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price of $87.89.

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by insiders.

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.