Arden Trust Co raised its stake in Citigroup Inc (NYSE:C) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,482 shares of the financial services provider’s stock after purchasing an additional 901 shares during the period. Arden Trust Co’s holdings in Citigroup were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at $27,000. Hall Laurie J Trustee purchased a new position in shares of Citigroup in the 3rd quarter valued at about $29,000. Rocky Mountain Advisers LLC acquired a new stake in shares of Citigroup during the 2nd quarter worth about $36,000. CVA Family Office LLC purchased a new stake in Citigroup during the first quarter worth approximately $37,000. Finally, Arlington Partners LLC boosted its holdings in Citigroup by 1,171.2% in the second quarter. Arlington Partners LLC now owns 750 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 75.57% of the company’s stock.
C stock opened at $43.19 on Friday. The stock has a market capitalization of $89.92 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.78. The company has a fifty day moving average of $46.81 and a 200-day moving average of $48.19. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup Inc has a one year low of $32.00 and a one year high of $83.11.
Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, October 19th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.39. The business had revenue of $17.30 billion for the quarter, compared to analyst estimates of $17.18 billion. Citigroup had a net margin of 13.64% and a return on equity of 7.40%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.97 earnings per share. Equities analysts forecast that Citigroup Inc will post 3.52 earnings per share for the current fiscal year.
In other Citigroup news, Director Gary M. Reiner sold 485 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $102.74, for a total value of $49,828.90. Following the completion of the transaction, the director now owns 4,462 shares in the company, valued at $458,425.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Friday, August 21st. Oppenheimer restated a “buy” rating and issued a $100.00 price objective on shares of Citigroup in a research note on Thursday, October 1st. Seaport Global Securities began coverage on Citigroup in a research report on Wednesday, July 8th. They set a “buy” rating and a $65.00 target price on the stock. DZ Bank cut Citigroup from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $57.50 price target on the stock. in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.40.
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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