Stephens Inc. AR Purchases 15,626 Shares of Citigroup Inc. (NYSE:C)

Stephens Inc. AR lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,988 shares of the company's stock after acquiring an additional 15,626 shares during the period. Stephens Inc. AR's holdings in Citigroup were worth $9,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of C. Brighton Jones LLC boosted its position in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Citigroup in the fourth quarter worth about $274,000. Hills Bank & Trust Co bought a new stake in Citigroup during the 4th quarter worth about $107,000. Frank Rimerman Advisors LLC lifted its position in Citigroup by 7.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 13,500 shares of the company's stock valued at $950,000 after purchasing an additional 892 shares during the period. Finally, Choate Investment Advisors lifted its holdings in Citigroup by 21.6% in the fourth quarter. Choate Investment Advisors now owns 7,986 shares of the company's stock valued at $562,000 after buying an additional 1,420 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on C. Royal Bank Of Canada dropped 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. Bank of America upped their price target on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. 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 target for the company. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.89.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 0.9%

C traded up $0.77 during trading on Monday, reaching $87.50. 13,395,074 shares of the company's stock were exchanged, compared to its average volume of 15,665,766. 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 Inc. has a one year low of $53.51 and a one year high of $88.83. The firm has a fifty day moving average price of $78.40 and a two-hundred day moving average price of $74.80. The stock has a market capitalization of $163.42 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

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.