British Airways Pensions Investment Management Ltd decreased its stake in Citigroup Inc. (NYSE:C) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,022,620 shares of the financial services provider’s stock after selling 282,010 shares during the period. Citigroup makes up 1.3% of British Airways Pensions Investment Management Ltd’s holdings, making the stock its 23rd largest position. British Airways Pensions Investment Management Ltd’s holdings in Citigroup were worth $43,521,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted its stake in shares of Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock valued at $156,000 after buying an additional 321 shares during the period. Kistler Tiffany Companies LLC boosted its stake in shares of Citigroup by 26.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,589 shares of the financial services provider’s stock valued at $195,000 after buying an additional 950 shares during the period. Davis R M Inc. acquired a new stake in shares of Citigroup during the second quarter valued at approximately $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,434 shares of the financial services provider’s stock valued at $230,000 after buying an additional 43 shares during the period. 71.41% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc. (NYSE:C) traded down 2.67% on Monday, hitting $45.89. The stock had a trading volume of 22,646,738 shares. The company has a 50 day moving average of $46.79 and a 200-day moving average of $44.57. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.46. The firm has a market capitalization of $133.33 billion, a P/E ratio of 9.71 and a beta of 1.90.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The company had revenue of $17.55 billion for the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. Citigroup’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Equities analysts predict that Citigroup Inc. will post $4.62 EPS for the current fiscal year.
C has been the subject of several recent analyst reports. Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 target price for the company. in a research report on Monday, June 27th. Buckingham Research reiterated a “buy” rating on shares of Citigroup in a report on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Finally, Barclays PLC reiterated a “buy” rating and set a $60.00 price objective on shares of Citigroup in a report on Sunday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.62.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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