Citigroup Inc. (NYSE:C) Shares Purchased by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. increased its position in Citigroup Inc. (NYSE:C) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,775 shares of the company’s stock after purchasing an additional 20,250 shares during the quarter. Citigroup makes up 5.0% of Carmel Capital Management L.L.C.’s holdings, making the stock its 6th largest position. Carmel Capital Management L.L.C.’s holdings in Citigroup were worth $12,336,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of C. American Century Companies Inc. raised its holdings in Citigroup by 3.4% in the 4th quarter. American Century Companies Inc. now owns 352,948 shares of the company’s stock valued at $24,844,000 after acquiring an additional 11,674 shares during the period. Invesco Ltd. lifted its holdings in Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company’s stock worth $1,143,633,000 after purchasing an additional 1,970,300 shares during the last quarter. Candriam S.C.A. boosted its stake in Citigroup by 12.7% in the 4th quarter. Candriam S.C.A. now owns 200,860 shares of the company’s stock valued at $14,139,000 after purchasing an additional 22,657 shares during the period. Brighton Jones LLC grew its holdings in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Citigroup by 30.1% during the fourth quarter. Mackenzie Financial Corp now owns 1,876,682 shares of the company’s stock worth $132,100,000 after acquiring an additional 434,280 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 2.2%

C stock opened at $88.67 on Friday. The company’s 50 day moving average is $76.22 and its 200 day moving average is $74.04. The stock has a market cap of $165.61 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.80.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on C. Wall Street Zen cut Citigroup from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Bank of America increased their price objective on shares of Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen initiated coverage on Citigroup in a research note on Thursday, May 15th. They issued a “hold” rating and a $83.00 price target on the stock. Finally, Truist Financial dropped their price objective on Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. One research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.43.

Insider Transactions at Citigroup

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 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. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Company 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.