Pennsylvania Trust Co Sells 3,035 Shares of Citigroup Inc (C)

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Pennsylvania Trust Co cut its stake in shares of Citigroup Inc (NYSE:C) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,686 shares of the financial services provider’s stock after selling 3,035 shares during the period. Pennsylvania Trust Co’s holdings in Citigroup were worth $2,417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Citigroup by 1.3% in the first quarter. Principal Financial Group Inc. now owns 4,167,300 shares of the financial services provider’s stock valued at $281,292,000 after buying an additional 53,619 shares during the period. InterOcean Capital LLC bought a new stake in Citigroup in the first quarter valued at approximately $334,000. IHT Wealth Management LLC raised its stake in Citigroup by 15.0% in the first quarter. IHT Wealth Management LLC now owns 12,380 shares of the financial services provider’s stock valued at $838,000 after buying an additional 1,611 shares during the period. Princeton Portfolio Strategies Group LLC raised its stake in Citigroup by 14.9% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 12,257 shares of the financial services provider’s stock valued at $827,000 after buying an additional 1,594 shares during the period. Finally, Achmea Investment Management B.V. raised its stake in Citigroup by 2.7% in the first quarter. Achmea Investment Management B.V. now owns 386,801 shares of the financial services provider’s stock valued at $26,107,000 after buying an additional 10,178 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total transaction of $1,085,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raja Akram sold 500 shares of the firm’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Shares of NYSE C opened at $69.95 on Thursday. The company has a market cap of $184.38 billion, a PE ratio of 13.12, a PEG ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc has a 1-year low of $64.38 and a 1-year high of $80.70.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.08. The company had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. Equities research analysts predict that Citigroup Inc will post 6.59 earnings per share for the current year.

Several research firms have issued reports on C. BMO Capital Markets upped their price objective on Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Oppenheimer upped their price objective on Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research note on Monday, July 16th. Vining Sparks restated a “buy” rating and issued a $77.00 price objective on shares of Citigroup in a research note on Tuesday. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Goldman Sachs Group set a $78.00 price objective on Citigroup and gave the company a “neutral” rating in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup has an average rating of “Hold” and a consensus target price of $82.25.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

See Also: Short Selling – Explanation For Shorting Stocks

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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