Diversified Trust Co boosted its position in shares of Citigroup Inc. (NYSE:C) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 73,554 shares of the financial services provider’s stock after buying an additional 2,675 shares during the period. Diversified Trust Co’s holdings in Citigroup were worth $3,118,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC increased its stake in 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 worth $122,000 after buying an additional 1,426 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in 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 in the last quarter. Kistler Tiffany Companies LLC increased its stake in 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 in the last quarter. Davis R M Inc. acquired a new stake in Citigroup during the second quarter valued at about $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its stake in 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 in the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE:C) traded up 1.05% during trading on Tuesday, hitting $46.37. 16,165,734 shares of the stock traded hands. The firm’s 50-day moving average is $46.80 and its 200 day moving average is $44.59. Citigroup Inc. has a 52 week low of $34.52 and a 52 week high of $56.46. The stock has a market cap of $134.72 billion, a P/E ratio of 9.81 and a beta of 1.90.
Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $17.47 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post $4.62 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on C shares. Drexel Hamilton reiterated a “buy” rating and set a $65.00 price objective on shares of Citigroup in a research note on Monday, July 18th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price objective for the company in a research note on Tuesday, July 5th. TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Nomura reiterated a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Citigroup in a research note on Monday, July 18th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. Citigroup 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 Citigroup stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.
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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