OMNI 360 Wealth Inc. Acquires New Position in Citigroup Inc. (NYSE:C)

OMNI 360 Wealth Inc. purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,969 shares of the company's stock, valued at approximately $211,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new position in Citigroup in the first quarter worth approximately $28,000. American National Bank & Trust bought a new position in Citigroup in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the fourth quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter worth $39,000. Institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a research note on Monday. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday. Finally, Morgan Stanley increased their price target on shares of Citigroup from $94.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.43.

Citigroup Stock Performance

NYSE:C traded down $2.02 during trading hours on Tuesday, reaching $85.58. The company had a trading volume of 18,069,873 shares, compared to its average volume of 14,663,504. The business's 50 day moving average price is $77.01 and its 200-day moving average price is $74.37. The firm has a market cap of $159.84 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. Citigroup Inc. has a 1-year low of $53.51 and a 1-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.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during 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 year.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the company's 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 completion of the transaction, the director owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their position. 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 currently owned by company 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.