Pennsylvania Trust Co Sells 301 Shares of Citigroup Inc (NYSE:C)

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Pennsylvania Trust Co lowered its holdings in Citigroup Inc (NYSE:C) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,197 shares of the financial services provider’s stock after selling 301 shares during the quarter. Pennsylvania Trust Co’s holdings in Citigroup were worth $1,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen Asset Management LLC lifted its position in shares of Citigroup by 1,638.7% during the second quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock worth $1,611,674,000 after purchasing an additional 21,690,409 shares in the last quarter. Invesco Ltd. lifted its position in shares of Citigroup by 27.8% during the second quarter. Invesco Ltd. now owns 48,104,326 shares of the financial services provider’s stock worth $3,368,746,000 after purchasing an additional 10,457,813 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Citigroup by 81.7% during the second quarter. APG Asset Management N.V. now owns 9,426,403 shares of the financial services provider’s stock worth $579,672,000 after purchasing an additional 4,238,700 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Citigroup by 29.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,228,198 shares of the financial services provider’s stock worth $716,281,000 after purchasing an additional 2,322,201 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Citigroup by 287.1% during the second quarter. Balyasny Asset Management LLC now owns 2,585,216 shares of the financial services provider’s stock worth $181,043,000 after purchasing an additional 1,917,339 shares in the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

C opened at $68.62 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $150.00 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 0.72 and a beta of 1.80. The firm has a 50 day simple moving average of $67.01 and a 200 day simple moving average of $67.26. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $73.08.

Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. The business had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. Citigroup’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. As a group, analysts expect that Citigroup Inc will post 7.53 EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Bank of America lowered shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley set a $78.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Citigroup from $81.00 to $77.50 and set an “overweight” rating on the stock in a research report on Thursday. Barclays upped their target price on shares of Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $79.73.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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