Alpha Cubed Investments LLC decreased its stake in Citigroup Inc (NYSE:C) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,547 shares of the financial services provider’s stock after selling 647 shares during the period. Alpha Cubed Investments LLC’s holdings in Citigroup were worth $798,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of C. Garrison Point Advisors LLC grew its holdings in shares of Citigroup by 2.6% during the 2nd quarter. Garrison Point Advisors LLC now owns 5,560 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 140 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of Citigroup by 0.7% during the 2nd quarter. Essex Financial Services Inc. now owns 22,728 shares of the financial services provider’s stock valued at $1,592,000 after purchasing an additional 153 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Citigroup by 2.0% during the 2nd quarter. Asset Dedication LLC now owns 7,782 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 156 shares during the last quarter. First Financial Corp IN grew its holdings in shares of Citigroup by 12.1% during the 3rd quarter. First Financial Corp IN now owns 1,491 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 161 shares during the last quarter. Finally, Cpwm LLC grew its holdings in shares of Citigroup by 1.0% during the 2nd quarter. Cpwm LLC now owns 16,607 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 163 shares during the last quarter. 76.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction 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 sale, the insider now owns 93,848 shares of the company’s stock, valued at approximately $5,821,391.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.
Shares of Citigroup stock opened at $69.74 on Friday. The firm has a market cap of $157.23 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.80. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $73.08. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $68.24 and its two-hundred day simple moving average is $67.62.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.12. The business had revenue of $18.57 billion for the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.73 EPS. As a group, sell-side analysts expect that Citigroup Inc will post 7.54 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 target price on the stock in a report on Wednesday, October 9th. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. 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 report on Thursday, October 10th. Morgan Stanley set a $78.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Wells Fargo & Co set a $85.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, August 16th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.75.
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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