Free Trial

Regents Gate Capital LLP Invests $26.27 Million in Citigroup Inc. (NYSE:C)

Citigroup logo with Financial Services background

Regents Gate Capital LLP purchased a new position in Citigroup Inc. (NYSE:C - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 370,000 shares of the company's stock, valued at approximately $26,266,000. Citigroup accounts for approximately 11.2% of Regents Gate Capital LLP's portfolio, making the stock its largest position.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Citigroup in the fourth quarter worth approximately $28,000. MorganRosel Wealth Management LLC purchased a new stake in Citigroup in the first quarter worth approximately $28,000. American National Bank & Trust purchased a new stake in Citigroup in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new stake in Citigroup in the fourth quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Citigroup in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director owned 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on C. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research note on Monday. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group lifted their price objective on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Bank of America upped their price objective on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a "buy" 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 assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.43.

Read Our Latest Research Report on Citigroup

Citigroup Stock Down 2.3%

Citigroup stock opened at $85.58 on Wednesday. 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 $88.83. The business's 50-day moving average price is $77.35 and its 200 day moving average price is $74.45. The firm has a market cap of $159.84 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34.

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

Citigroup Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Citigroup (NYSE:C)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Citigroup Right Now?

Before you consider Citigroup, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.

While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

These 3 Penny Stocks Could Surprise Everyone This Summer!
Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines