Burke & Herbert Bank & Trust Co. maintained its position in Citigroup Inc. (NYSE:C) during the second quarter, Holdings Channel reports. The fund owned 8,411 shares of the financial services provider’s stock at the end of the second quarter. Burke & Herbert Bank & Trust Co.’s holdings in Citigroup were worth $356,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC raised its position in shares of Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,426 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock worth $156,000 after buying an additional 321 shares during the period. Kistler Tiffany Companies LLC raised its position in shares of Citigroup by 26.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,589 shares of the financial services provider’s stock worth $195,000 after buying an additional 950 shares during the period. Davis R M Inc. acquired a new position in shares of Citigroup during the second quarter worth about $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,434 shares of the financial services provider’s stock worth $230,000 after buying an additional 43 shares during the period. 71.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (NYSE:C) traded up 1.53% during midday trading on Tuesday, reaching $47.75. The company had a trading volume of 25,541,872 shares. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.46. The company has a 50 day moving average of $46.92 and a 200 day moving average of $44.71. The firm has a market capitalization of $138.73 billion, a price-to-earnings ratio of 10.11 and a beta of 1.86.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. Analysts anticipate that Citigroup Inc. will post $4.61 EPS for the current year.
A number of brokerages recently issued reports on C. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Sunday, June 26th. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price target for the company in a report on Tuesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $66.00 price target (up previously from $63.00) on shares of Citigroup in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. Citigroup has a consensus rating of “Buy” and a consensus target price of $55.39.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the sale, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.
Citigroup Company Profile
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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