Alpine Woods Capital Investors LLC Acquires 7,828 Shares of Citigroup Inc. (NYSE:C)

Alpine Woods Capital Investors LLC increased its holdings in Citigroup Inc. (NYSE:C) by 29.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 7,828 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Citigroup were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of C. Orion Capital Management LLC bought a new stake in shares of Citigroup during the 4th quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in Citigroup in the 1st quarter worth approximately $28,000. American National Bank & Trust bought a new stake in Citigroup in the 1st quarter worth approximately $29,000. Mascagni Wealth Management Inc. purchased a new position in shares of Citigroup during the fourth quarter worth approximately $34,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Citigroup during the fourth quarter worth approximately $39,000. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on C shares. Oppenheimer reissued an “outperform” rating on shares of Citigroup in a research note on Monday. Wall Street Zen cut Citigroup from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Bank of America lifted their price target on Citigroup from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $86.37.

Citigroup Stock Up 0.2%

NYSE:C opened at $85.76 on Thursday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $88.83. The company has a market capitalization of $160.18 billion, a PE ratio of 13.55, a P/E/G ratio of 0.66 and a beta of 1.34. The firm’s 50-day moving average price is $77.69 and its 200-day moving average price is $74.52. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.98 and a quick ratio of 0.98.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. On average, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the company’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 sale, the director directly owned 13,048 shares in the company, valued at $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

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.