First American Trust FSB lessened its holdings in Citigroup Inc (NYSE:C) by 30.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,170 shares of the financial services provider’s stock after selling 36,248 shares during the quarter. First American Trust FSB’s holdings in Citigroup were worth $5,607,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Citigroup by 309.3% during the 1st quarter. First Trust Advisors LP now owns 274,730 shares of the financial services provider’s stock valued at $17,094,000 after buying an additional 207,602 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Citigroup by 25.8% during the 1st quarter. Commonwealth Bank of Australia now owns 576,328 shares of the financial services provider’s stock valued at $35,851,000 after buying an additional 118,200 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Citigroup by 1.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock valued at $686,497,000 after buying an additional 124,374 shares during the last quarter. Nicolet Advisory Services LLC bought a new position in Citigroup in the 1st quarter worth about $280,000. Finally, Wellington Shields & Co. LLC grew its position in Citigroup by 3.6% in the 1st quarter. Wellington Shields & Co. LLC now owns 14,510 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 500 shares during the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. 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. BMO Capital Markets cut shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $81.00 to $77.50 and set an “overweight” rating for the company in a research report on Thursday. Bank of America cut shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Finally, 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. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Citigroup has an average rating of “Buy” and an average price target of $79.73.
In other news, insider Michael Whitaker sold 7,500 shares of the business’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 $5,821,391.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.
Shares of C stock traded up $1.22 during trading on Thursday, reaching $68.65. The company’s stock had a trading volume of 5,522,219 shares, compared to its average volume of 12,853,255. The business has a fifty day moving average price of $66.91 and a 200-day moving average price of $67.22. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The company has a market cap of $153.95 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.80. Citigroup Inc has a one year low of $48.42 and a one year high of $73.08.
Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. The business had revenue of $18.76 billion for the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Research analysts anticipate that Citigroup Inc will post 7.53 EPS for the current year.
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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