Strategic Blueprint LLC Makes New Investment in Citigroup Inc. (NYSE:C)

Strategic Blueprint LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,502 shares of the company's stock, valued at approximately $3,088,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $1,935,599,000. Capital World Investors lifted its position 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 worth $2,206,908,000 after purchasing an additional 25,705,141 shares in the last quarter. FMR LLC lifted its position in shares of Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Citigroup in the fourth quarter worth approximately $198,231,000. Finally, Franklin Resources Inc. lifted its position in shares of Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock worth $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on C shares. JPMorgan Chase & Co. reduced their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen assumed coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Piper Sandler reiterated an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.43.

Insider Activity 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.08% of the company's stock.

Citigroup Stock Performance

C traded up $1.91 during trading on Friday, reaching $88.67. 13,229,886 shares of the company's stock were exchanged, compared to its average volume of 14,658,879. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average price of $76.63 and a 200 day moving average price of $74.20. The company has a market capitalization of $165.61 billion, a P/E ratio of 14.01, a PEG ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued 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. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. The company had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup 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.