Stratos Investment Management LLC Has $9.66 Million Stake in Citigroup Inc. (NYSE:C)

Stratos Investment Management LLC boosted its position in Citigroup Inc. (NYSE:C - Free Report) by 36.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 136,059 shares of the company's stock after purchasing an additional 36,663 shares during the period. Stratos Investment Management LLC's holdings in Citigroup were worth $9,659,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after acquiring an additional 11,674 shares during the period. Invesco Ltd. raised its holdings in Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after acquiring an additional 1,970,300 shares during the period. Brighton Jones LLC raised its holdings 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 acquiring an additional 12,499 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in shares of Citigroup during the first quarter worth approximately $214,000. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of Citigroup by 495.1% during the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after purchasing an additional 15,436 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the topic of several recent research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Citigroup in a report on Monday. Truist Financial raised their target price on shares of Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Bank of America raised their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Royal Bank Of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus target price of $86.37.

Citigroup Price Performance

Citigroup stock traded down $0.76 during mid-day trading on Friday, reaching $86.32. The company had a trading volume of 3,446,416 shares, compared to its average volume of 15,628,628. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The company has a market cap of $161.22 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.67 and a beta of 1.34. The business has a fifty day simple moving average of $78.07 and a 200 day simple moving average of $74.64.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director owned 13,048 shares in the company, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.

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.