IFG Advisory LLC grew its holdings in shares of Citigroup Inc (NYSE:C) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,957 shares of the financial services provider’s stock after acquiring an additional 389 shares during the period. IFG Advisory LLC’s holdings in Citigroup were worth $370,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Deprince Race & Zollo Inc. grew its stake in Citigroup by 27.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 356,193 shares of the financial services provider’s stock worth $18,543,000 after purchasing an additional 77,766 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Citigroup by 4.4% during the 4th quarter. Keybank National Association OH now owns 22,734 shares of the financial services provider’s stock worth $1,184,000 after buying an additional 956 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Citigroup during the 4th quarter worth about $443,000. Hanson & Doremus Investment Management lifted its stake in shares of Citigroup by 5.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 8,491 shares of the financial services provider’s stock worth $442,000 after buying an additional 421 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Citigroup during the 4th quarter worth about $289,000. Institutional investors own 76.00% of the company’s stock.
Shares of Citigroup stock traded up $1.88 during trading on Friday, reaching $70.03. 20,372,176 shares of the company traded hands, compared to its average volume of 15,352,587. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24. The company has a 50 day moving average price of $66.04. The company has a market cap of $160.55 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.73 and a beta of 1.72.
In related news, CEO Stephen Bird sold 30,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.
A number of analysts have recently issued reports on C shares. Zacks Investment Research upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Berenberg Bank set a $78.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Monday, June 17th. Wells Fargo & Co set a $90.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Bank of America set a $77.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Monday, June 10th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.31.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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