World Investment Advisors Boosts Stake in Citigroup Inc. (NYSE:C)

World Investment Advisors raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,614 shares of the company's stock after purchasing an additional 6,908 shares during the quarter. World Investment Advisors' holdings in Citigroup were worth $2,386,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Citigroup during the 4th quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter valued at about $28,000. American National Bank & Trust purchased a new stake in shares of Citigroup during the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup in the 4th quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Citigroup in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Up 2.2%

Citigroup stock opened at $88.67 on Monday. 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 fifty day simple moving average of $76.63 and a 200 day simple moving average of $74.24. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.80. The company has a market cap of $165.61 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. Research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America boosted their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. TD Cowen initiated coverage on shares of Citigroup in a research report on Thursday, May 15th. They set a "hold" rating and a $83.00 price target for the company. The Goldman Sachs Group raised their target price on shares of Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Evercore ISI boosted their price target on Citigroup from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Wednesday, July 2nd. Finally, Cowen began coverage on shares of Citigroup in a report on Wednesday, May 14th. They set a "hold" rating for the company. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.43.

Insider Transactions 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 stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.