Citigroup Inc. (NYSE:C) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its position in Citigroup Inc. (NYSE:C) by 18.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,108 shares of the company’s stock after acquiring an additional 3,399 shares during the quarter. Atomi Financial Group Inc.’s holdings in Citigroup were worth $1,398,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of C. Orion Capital Management LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Citigroup in the fourth quarter valued at about $29,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after buying an additional 569 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Citigroup in the fourth quarter valued at about $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Citigroup during the fourth quarter worth about $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of Citigroup from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday. Evercore ISI upped their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Oppenheimer upped their price target on shares of Citigroup from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Monday. Finally, Piper Sandler increased their price target on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.27.

Citigroup Stock Up 1.4 %

C stock traded up $0.91 during midday trading on Monday, reaching $65.43. The company had a trading volume of 10,980,758 shares, compared to its average volume of 14,995,617. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $66.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $124.80 billion, a P/E ratio of 18.29, a PEG ratio of 0.91 and a beta of 1.46. The company has a 50 day moving average of $62.68 and a two-hundred day moving average of $59.00.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.27%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the business earned $1.37 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc. will post 5.86 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.