Citigroup Inc. (NYSE:C) Shares Bought by Stratos Investment Management LLC

Stratos Investment Management LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,059 shares of the company's stock after acquiring 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 SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its position in Citigroup by 11.1% in the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock worth $84,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares during the period. Rakuten Securities Inc. boosted its position in shares of Citigroup by 2.4% during the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after buying an additional 139 shares during the period. CFO4Life Group LLC boosted its position in shares of Citigroup by 1.9% during the fourth quarter. CFO4Life Group LLC now owns 7,735 shares of the company's stock valued at $544,000 after buying an additional 145 shares during the period. Finally, Insight Inv LLC boosted its position in shares of Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company's stock valued at $1,936,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on C shares. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Monday. Evercore ISI set a $77.00 target price on Citigroup in a research report on Monday. Royal Bank Of Canada lowered their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, Bank of America boosted their price target on Citigroup from $89.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned 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 a consensus price target of $86.37.

Citigroup Stock Up 1.5%

NYSE:C traded up $1.28 during trading hours on Thursday, reaching $87.07. The company's stock had a trading volume of 9,251,509 shares, compared to its average volume of 14,632,194. The stock has a 50 day moving average price of $77.69 and a two-hundred day moving average price of $74.52. The company has a market capitalization of $162.63 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. 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 issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the transaction, the director directly owned 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

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.