Whittier Trust Co. lessened its position in Citigroup Inc (NYSE:C) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 216,367 shares of the financial services provider’s stock after selling 1,650 shares during the period. Whittier Trust Co.’s holdings in Citigroup were worth $14,946,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in C. Personal Wealth Partners purchased a new stake in shares of Citigroup during the second quarter worth about $27,000. Mcmillion Capital Management Inc. acquired a new stake in shares of Citigroup in the second quarter worth approximately $31,000. MRA Associates USA LLC acquired a new stake in shares of Citigroup in the second quarter worth approximately $34,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Citigroup in the third quarter worth approximately $33,000. Finally, Bray Capital Advisors boosted its position in shares of Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 76.69% of the company’s stock.
C stock traded up $0.14 during midday trading on Friday, reaching $69.74. 9,116,296 shares of the company’s stock traded hands, compared to its average volume of 13,088,854. The company has a market capitalization of $157.23 billion, a P/E ratio of 10.49, a PEG ratio of 0.79 and a beta of 1.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.01. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $73.08. The business has a 50-day moving average price of $68.24 and a two-hundred day moving average price of $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 for the quarter, beating analysts’ consensus estimates of $1.95 by $0.12. The firm had revenue of $18.57 billion for the quarter, compared to analysts’ expectations of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. Citigroup’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share. As a group, research analysts forecast that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. 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. BMO Capital Markets cut shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Barclays raised 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, JPMorgan Chase & Co. decreased 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, October 10th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $79.75.
In other news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the sale, the insider now owns 93,848 shares in the company, valued at $5,821,391.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.
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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