Agran Libbie cut its position in shares of Citigroup Inc. (NYSE:C) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,337 shares of the financial services provider’s stock after selling 350 shares during the period. Agran Libbie’s holdings in Citigroup were worth $438,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of Citigroup by 5.3% in the second quarter. American Century Companies Inc. now owns 2,503,128 shares of the financial services provider’s stock worth $106,108,000 after buying an additional 126,082 shares during the period. Patriot Wealth Management Inc. increased its stake in shares of Citigroup by 2.1% in the second quarter. Patriot Wealth Management Inc. now owns 161,041 shares of the financial services provider’s stock worth $6,827,000 after buying an additional 3,384 shares during the period. UMB Bank N A MO increased its stake in shares of Citigroup by 0.5% in the second quarter. UMB Bank N A MO now owns 6,721 shares of the financial services provider’s stock worth $285,000 after buying an additional 36 shares during the period. Boston Advisors LLC bought a new stake in shares of Citigroup during the second quarter worth about $10,755,000. Finally, Diversified Trust Co increased its stake in shares of Citigroup by 3.8% in the second quarter. Diversified Trust Co now owns 73,554 shares of the financial services provider’s stock worth $3,118,000 after buying an additional 2,675 shares during the period. Institutional investors own 71.41% of the company’s stock.
Citigroup Inc. (NYSE:C) traded up 3.12% on Friday, hitting $47.23. The stock had a trading volume of 25,563,084 shares. The company’s 50 day moving average price is $46.88 and its 200-day moving average price is $44.65. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.46. The company has a market cap of $137.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.90.
Citigroup (NYSE:C) last posted its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The business earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post $4.61 EPS for the current year.
C has been the subject of a number of recent research reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a research note on Saturday, June 4th. Zacks Investment Research downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Buckingham Research reaffirmed a “buy” rating on shares of Citigroup in a research note on Tuesday, June 21st. Vetr downgraded Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 target price for the company. in a research note on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $63.00 target price (down from $70.00) on shares of Citigroup in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $55.39.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now owns 35,042 shares in the company, valued at $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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