Strategic Blueprint LLC Acquires New Position in Citigroup Inc. (NYSE:C)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Citigroup in the fourth quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in Citigroup during the 1st quarter worth $28,000. American National Bank & Trust purchased a new position in Citigroup during the 1st quarter worth $29,000. Mascagni Wealth Management Inc. acquired a new position in Citigroup in the fourth quarter valued at $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on C shares. Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Royal Bank Of Canada dropped their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Tuesday, May 20th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.43.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director directly owned 13,048 shares in the company, valued at $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 is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

C stock traded up $1.91 during trading on Friday, reaching $88.67. 13,229,886 shares of the company were exchanged, compared to its average volume of 14,629,018. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50 day moving average price is $76.63 and its 200 day moving average price is $74.16. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $88.80. The company has a market cap 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 released its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 business had revenue of $21.60 billion for the quarter, compared to analysts' expectations 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.