Blue Fin Capital Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,751 shares of the financial services provider’s stock after selling 100 shares during the period. Blue Fin Capital Inc.’s holdings in Citigroup were worth $329,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Prudential PLC boosted its stake in shares of Citigroup by 7.7% in the first quarter. Prudential PLC now owns 4,458,987 shares of the financial services provider’s stock valued at $186,163,000 after buying an additional 318,420 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in Citigroup by 11.5% in the first quarter. Ironwood Investment Counsel LLC now owns 8,994 shares of the financial services provider’s stock valued at $375,000 after buying an additional 930 shares during the period. Simmons Bank bought a new stake in Citigroup during the first quarter valued at $877,000. Springowl Associates LLC bought a new stake in Citigroup during the first quarter valued at $835,000. Finally, Geode Capital Management LLC raised its stake in Citigroup by 0.7% in the first quarter. Geode Capital Management LLC now owns 24,657,570 shares of the financial services provider’s stock valued at $1,027,425,000 after buying an additional 176,548 shares during the period. 71.26% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc. (NYSE:C) traded up 1.10% during trading on Wednesday, hitting $49.53. The stock had a trading volume of 12,503,321 shares. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.46. The stock has a 50 day moving average price of $47.58 and a 200-day moving average price of $45.20. The stock has a market capitalization of $143.90 billion, a price-to-earnings ratio of 10.48 and a beta of 1.86.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The business earned $17.80 billion during the quarter, compared to analysts’ expectations of $17.32 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 EPS. On average, equities research analysts predict that Citigroup Inc. will post $4.61 earnings per share for the current year.
Several equities research analysts recently weighed in on C shares. Jefferies Group boosted their target price on Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Credit Agricole SA upped their price target on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Nomura cut their price target on Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, September 7th. Goldman Sachs Group Inc. lowered Citigroup from a “buy” rating to a “neutral” rating and cut their price target for the stock from $52.00 to $50.00 in a report on Friday, September 16th. Finally, TheStreet upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.76.
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.
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.