Leavell Investment Management Inc. Acquires 10,772 Shares of Citigroup Inc. (NYSE:C)

Leavell Investment Management Inc. grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 296.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,405 shares of the company's stock after purchasing an additional 10,772 shares during the quarter. Leavell Investment Management Inc.'s holdings in Citigroup were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of C. Orion Capital Management LLC bought a new position in Citigroup during the 4th quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup during the 1st quarter worth approximately $28,000. American National Bank & Trust bought a new position in Citigroup during the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup during the 4th quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in Citigroup by 68.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 577 shares of the company's stock worth $38,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on C. Truist Financial lifted their price objective on shares of Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday. Cowen began coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a "hold" rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI set a $77.00 price target on shares of Citigroup in a research note on Monday. Finally, Morgan Stanley lifted their price target on shares of Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 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, Citigroup has an average rating of "Moderate Buy" and an average price target of $87.89.

Insider Activity

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

Citigroup Price Performance

NYSE C opened at $86.73 on Friday. 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 12-month low of $53.51 and a 12-month high of $88.83. The company has a market capitalization of $161.99 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. The firm's 50 day moving average is $78.40 and its 200-day moving average is $74.75.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share 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.

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