Sit Investment Associates Inc. continued to hold its stake in Citigroup Inc. (NYSE:C) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,350 shares of the financial services provider’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Citigroup were worth $269,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC boosted its position in 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 in the last quarter. Winslow Evans & Crocker Inc. boosted its position in 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 in the last quarter. Kistler Tiffany Companies LLC boosted its position in 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 in the last quarter. Davis R M Inc. purchased a new position in Citigroup during the second quarter worth approximately $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its position in 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. Institutional investors and hedge funds own 71.41% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded down 0.57% on Thursday, hitting $48.42. 16,467,524 shares of the stock were exchanged. The firm’s 50-day moving average is $47.38 and its 200-day moving average is $44.98. The company has a market cap of $140.68 billion, a P/E ratio of 10.25 and a beta of 1.86. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.46.
Citigroup (NYSE:C) last posted its earnings results on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. Citigroup’s quarterly revenue was down 9.9% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc. will post $4.61 EPS for the current fiscal year.
A number of analysts have recently weighed in on C shares. Vetr lowered Citigroup from a “hold” rating to a “sell” rating and set a $47.03 price objective on the stock. in a research report on Tuesday. Compass Point assumed coverage on Citigroup in a report on Tuesday. They set a “sell” rating and a $39.00 price objective on the stock. Jefferies Group raised their price objective on Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. Nomura reaffirmed a “buy” rating and set a $55.00 price objective on shares of Citigroup in a report on Thursday, September 29th. Finally, Credit Agricole SA raised their price objective on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.76.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the transaction, the insider now owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company 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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