U.S. Capital Wealth Advisors LLC Increases Position in Citigroup Inc. (NYSE:C)

U.S. Capital Wealth Advisors LLC raised its position in Citigroup Inc. (NYSE:C - Free Report) by 106.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,269 shares of the company's stock after purchasing an additional 18,182 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Citigroup were worth $2,504,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the 4th quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at $28,000. American National Bank & Trust purchased a new position in Citigroup in the 1st quarter worth $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the 4th quarter worth $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the 4th quarter worth $39,000. 71.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John Cunningham Dugan sold 4,417 shares of the business'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 transaction of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler restated an "overweight" rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Truist Financial boosted their price objective on shares of Citigroup from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Cowen assumed coverage on shares of Citigroup in a research report on Wednesday, May 14th. They issued a "hold" rating on the stock. Finally, Oppenheimer restated an "outperform" rating on shares of Citigroup in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $87.89.

Citigroup Stock Down 0.4%

NYSE:C traded down $0.35 during mid-day trading on Friday, hitting $86.73. 10,251,072 shares of the company's stock were exchanged, compared to its average volume of 14,550,501. Citigroup Inc. has a one year low of $53.51 and a one year high of $88.83. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average price of $78.40 and a 200 day moving average price of $74.78. The company has a market cap of $161.99 billion, a PE ratio of 13.70, a P/E/G ratio of 0.67 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping 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 business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current 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.