Stratos Wealth Partners LTD. Lowers Position in Citigroup Inc. (NYSE:C)

Stratos Wealth Partners LTD. reduced its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 28.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,118 shares of the company's stock after selling 10,059 shares during the period. Stratos Wealth Partners LTD.'s holdings in Citigroup were worth $1,783,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of C. Norges Bank acquired a new stake in Citigroup during the 4th quarter worth approximately $1,935,599,000. Capital World Investors raised its holdings 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 valued at $2,206,908,000 after purchasing an additional 25,705,141 shares during the last quarter. FMR LLC raised its holdings in shares of Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. raised its holdings 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 valued at $2,311,048,000 after purchasing an additional 2,804,850 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Citigroup by 148.6% in the fourth quarter. Capital International Investors now owns 4,524,890 shares of the company's stock valued at $318,507,000 after purchasing an additional 2,704,783 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company's stock.

Citigroup Trading Down 0.4%

Shares of Citigroup stock traded down $0.35 on Friday, hitting $86.73. The stock had a trading volume of 10,251,072 shares, compared to its average volume of 14,612,799. The stock has a 50 day moving average of $78.07 and a 200 day moving average of $74.64. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83. 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 firm has a market capitalization of $161.99 billion, a P/E ratio of 13.76, a PEG ratio of 0.68 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last announced 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 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. Sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on C. 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. Bank of America lifted their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Citigroup from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. reduced 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. Finally, Truist Financial lifted their price objective on shares of Citigroup from $84.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average target price of $86.37.

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.