World Investment Advisors Buys 6,908 Shares of Citigroup Inc. (NYSE:C)

World Investment Advisors grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,614 shares of the company's stock after acquiring an additional 6,908 shares during the quarter. World Investment Advisors' holdings in Citigroup were worth $2,386,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Citigroup in the fourth quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Citigroup in the first quarter worth about $28,000. American National Bank & Trust acquired a new stake in Citigroup in the first quarter worth about $29,000. Mascagni Wealth Management Inc. acquired a new stake in Citigroup in the fourth quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Citigroup in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on C shares. Cowen started coverage on Citigroup in a report on Wednesday, May 14th. They set a "hold" rating on the stock. TD Cowen began coverage on Citigroup in a report on Thursday, May 15th. They set a "hold" rating and a $83.00 price objective on the stock. Wall Street Zen downgraded Citigroup from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Oppenheimer reiterated an "outperform" rating on shares of Citigroup in a report on Monday. Finally, Evercore ISI set a $77.00 price target on Citigroup in a research note on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.43.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction on 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 in the company, valued at $890,656.48. The trade was a 25.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.08% of the company's stock.

Citigroup Stock Down 1.3%

Shares of NYSE:C traded down $1.16 during trading on Monday, hitting $87.56. 12,401,295 shares of the company were exchanged, compared to its average volume of 14,649,837. 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 stock has a market cap of $163.54 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.69 and a beta of 1.34. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $88.82. The firm has a fifty day moving average price of $76.63 and a two-hundred day moving average price of $74.24.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.94% and a net margin of 7.95%. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal 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.