Gaddis Premier Wealth Advisors LLC Makes New $812,000 Investment in Citigroup Inc. $C

Gaddis Premier Wealth Advisors LLC purchased a new position in shares of Citigroup Inc. (NYSE:CFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,161 shares of the company’s stock, valued at approximately $812,000.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Citigroup during the fourth quarter valued at $2,800,944,000. Vanguard Group Inc. increased its position in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Citigroup in the fourth quarter worth about $298,082,000. SG Americas Securities LLC lifted its position in shares of Citigroup by 291.4% during the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock valued at $153,978,000 after buying an additional 2,008,946 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Citigroup by 28.4% during the 4th quarter. Deutsche Bank AG now owns 7,158,142 shares of the company’s stock valued at $835,284,000 after acquiring an additional 1,582,150 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on C shares. Wells Fargo & Company increased their target price on shares of Citigroup from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on shares of Citigroup from $134.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $145.67.

View Our Latest Report on C

Insider Buying and Selling at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

More Citigroup News

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Citigroup Trading Down 2.4%

Citigroup stock opened at $131.61 on Friday. Citigroup Inc. has a 1 year low of $87.94 and a 1 year high of $147.96. The firm’s 50 day moving average price is $134.26 and its 200-day moving average price is $123.28. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $224.47 billion, a P/E ratio of 14.21, a PEG ratio of 0.62 and a beta of 1.11.

Citigroup (NYSE:CGet Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, equities analysts predict that Citigroup Inc. will post 11.13 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock buyback program on Thursday, May 7th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Citigroup

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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