Regents Gate Capital LLP Purchases New Holdings in Citigroup Inc. (NYSE:C)

Regents Gate Capital LLP purchased a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 holdings, making the stock its largest holding.

Several other institutional investors also recently added to or reduced their stakes in C. True Wealth Design LLC grew its stake in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Citigroup by 1.9% in the 4th quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after purchasing an additional 120 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Citigroup by 2.4% in the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after purchasing an additional 139 shares during the last quarter. CFO4Life Group LLC grew its stake in shares of Citigroup by 1.9% in the 4th quarter. CFO4Life Group LLC now owns 7,735 shares of the company's stock valued at $544,000 after purchasing an additional 145 shares during the last quarter. Finally, Insight Inv LLC grew its stake in shares of Citigroup by 0.5% in the 1st quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

Shares of NYSE C traded up $1.05 during trading on Thursday, reaching $86.84. The company had a trading volume of 4,391,044 shares, compared to its average volume of 14,613,094. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83. The stock has a market capitalization of $162.19 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34. The stock has a 50-day moving average price of $77.69 and a two-hundred day moving average price of $74.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion during 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 predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Truist Financial lifted their price target on Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank Of Canada decreased their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. TD Cowen initiated coverage on Citigroup in a research note on Thursday, May 15th. They issued a "hold" rating and a $83.00 price target on the stock. Finally, Cowen initiated coverage on Citigroup in a research note on Wednesday, May 14th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $86.37.

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.