First Horizon Advisors Inc. Buys 4,576 Shares of Citigroup Inc. (NYSE:C)

First Horizon Advisors Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 330,616 shares of the company’s stock after acquiring an additional 4,576 shares during the quarter. First Horizon Advisors Inc.’s holdings in Citigroup were worth $23,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Orion Capital Management LLC purchased a new stake in Citigroup during the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter valued at about $28,000. American National Bank & Trust purchased a new position in shares of Citigroup during the 1st quarter valued at about $29,000. Mascagni Wealth Management Inc. purchased a new stake in Citigroup in the fourth quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Citigroup during the fourth quarter valued at approximately $39,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In related news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares of the company’s stock, valued at $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on C. Truist Financial cut their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Morgan Stanley raised their price objective on Citigroup from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, June 23rd. Oppenheimer restated an “outperform” rating on shares of Citigroup in a report on Tuesday, May 20th. Evercore ISI raised their price target on shares of Citigroup from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of Citigroup from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.83.

Citigroup Stock Up 0.5%

C stock opened at $86.69 on Thursday. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $87.13. The company has a market capitalization of $161.91 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The business’s 50 day moving average price is $75.81 and its two-hundred day moving average price is $73.92. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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%. As a group, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

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.