From MarketBeat:



Meridian Wealth Management LLC has raised their position in Citigroup Inc. by acquiring an additional 130.4% of shares in the company. This institutional investor now owns 175,576 shares worth $7,221,000. Other institutional investors such as Panagora Asset Management Inc., Zions Bancorporation N.A., and Brown Brothers Harriman & Co., have also been increasing their stakes in Citigroup. The company’s stock was trading at $50.86, with a market cap of $97.34 billion and a P/E ratio of 8.06. Their recent earnings report showed a strong performance, with revenue of $20.14 billion. Citigroup also recently announced a quarterly dividend of $0.53 per share, representing a dividend yield of 4.17%.

As a result, shares of Citigroup have been the subject of various analyst reports and rating changes. Overall, the company currently has an average rating of “Hold” and a consensus price target of $52.62. Additionally, insider Andrew John Morton recently sold over 28,000 shares of Citigroup stock. This news alert was powered by narrative science technology and shares news from MarketBeat, reviewing by MarketBeat’s editorial team prior to publication. If you want to know the five stocks that top analysts are recommending, you may visit MarketBeat’s website.



Read more: Meridian Wealth Management LLC Purchases 99,371 Shares of Citigroup Inc. (NYSE:C)