Keybank National Association OH Has $3.71 Million Stock Position in Citigroup Inc. (NYSE:C)

Keybank National Association OH increased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,291 shares of the company's stock after purchasing an additional 8,385 shares during the period. Keybank National Association OH's holdings in Citigroup were worth $3,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its position in shares of 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 buying an additional 12,499 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in shares of Citigroup by 13.0% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 14,768 shares of the company's stock worth $1,040,000 after purchasing an additional 1,704 shares during the period. Assetmark Inc. lifted its stake in shares of Citigroup by 28.5% in the 4th quarter. Assetmark Inc. now owns 120,978 shares of the company's stock valued at $8,516,000 after purchasing an additional 26,864 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Citigroup during the 4th quarter worth about $274,000. Finally, Vision Financial Markets LLC acquired a new stake in Citigroup during the 4th quarter worth approximately $113,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

NYSE:C traded up $1.91 during trading hours on Friday, reaching $88.67. 13,229,886 shares of the stock were exchanged, compared to its average volume of 14,629,018. The stock has a market capitalization of $165.61 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.67 and a beta of 1.34. The firm has a 50 day simple moving average of $76.22 and a 200-day simple moving average of $74.04. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $88.80.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. The Goldman Sachs Group upped their price target on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley boosted 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. Cowen initiated coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. Finally, Bank of America boosted their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.43.

Insider Activity

In related news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the sale, the director owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.08% of the company's stock.

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.