Castlekeep Investment Advisors LLC Raises Stock Position in Citigroup Inc. (NYSE:C)

Castlekeep Investment Advisors LLC grew its holdings in Citigroup Inc. (NYSE:C) by 63.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,566 shares of the company’s stock after buying an additional 15,020 shares during the period. Citigroup makes up 1.4% of Castlekeep Investment Advisors LLC’s portfolio, making the stock its 15th largest holding. Castlekeep Investment Advisors LLC’s holdings in Citigroup were worth $2,738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Orion Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Citigroup during the 1st quarter worth about $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the 4th quarter worth about $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup during the 4th quarter worth about $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several recent research reports. Royal Bank Of Canada reduced their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Evercore ISI set a $77.00 price target on shares of Citigroup in a report on Monday, July 7th. Wall Street Zen lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Oppenheimer restated an “outperform” rating on shares of Citigroup in a report on Monday, July 7th. Finally, Cowen assumed coverage on shares of Citigroup in a research report on Wednesday, May 14th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.89.

Citigroup Trading Down 0.4%

Shares of Citigroup stock opened at $86.73 on Monday. The firm has a market capitalization of $161.99 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.67 and a beta of 1.34. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $88.83. The firm’s 50 day simple moving average is $78.40 and its two-hundred day simple moving average is $74.80. 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 (NYSE:C) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (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 firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Insiders Place Their Bets

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director 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 link. Insiders own 0.08% of the company’s stock.

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.