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

Regents Gate Capital LLP purchased a new position in Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 370,000 shares of the company's stock, valued at approximately $26,266,000. Citigroup makes up 11.2% of Regents Gate Capital LLP's investment portfolio, making the stock its biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Citigroup in the 4th quarter worth approximately $1,935,599,000. Capital World Investors raised its stake in shares of Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company's stock valued at $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. FMR LLC raised its stake in shares of Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. raised its stake in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after acquiring an additional 2,804,850 shares in the last quarter. Finally, Capital International Investors raised its stake in Citigroup by 148.6% during the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock worth $318,507,000 after acquiring an additional 2,704,783 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Trading Up 0.2%

Citigroup stock traded up $0.19 during mid-day trading on Wednesday, hitting $85.76. 9,925,200 shares of the stock were exchanged, compared to its average volume of 14,662,223. The firm's fifty day simple moving average is $77.35 and its two-hundred day simple moving average is $74.45. The stock has a market capitalization of $160.18 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.68 and a beta of 1.34. 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.

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

Analyst Ratings Changes

Several research firms recently issued reports on C. Wall Street Zen cut Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Piper Sandler reaffirmed an "overweight" rating and set a $77.00 price target (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI set a $77.00 price objective on shares of Citigroup in a research report on Monday. JPMorgan Chase & Co. decreased 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. Finally, TD Cowen initiated coverage on shares of Citigroup in a research note on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. One 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. According to data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $86.37.

Insiders Place Their Bets

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 completion of the transaction, the director owned 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.