Quadrant Capital Group LLC increased its position in Citigroup Inc. (NYSE:C) by 30.7% during the second quarter, Holdings Channel reports. The fund owned 6,575 shares of the financial services provider’s stock after buying an additional 1,544 shares during the period. Quadrant Capital Group LLC’s holdings in Citigroup were worth $268,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted 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. boosted 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 worth $156,000 after buying an additional 321 shares during the last quarter. Kistler Tiffany Companies LLC boosted 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 worth $195,000 after buying an additional 950 shares during the last quarter. Davis R M Inc. bought a new stake in Citigroup during the second quarter worth about $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted 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 worth $230,000 after buying an additional 43 shares during the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE:C) traded up 1.88% during mid-day trading on Wednesday, hitting $48.65. The stock had a trading volume of 18,164,860 shares. The stock’s 50 day moving average price is $46.96 and its 200 day moving average price is $44.74. The firm has a market capitalization of $141.35 billion, a price-to-earnings ratio of 10.30 and a beta of 1.86. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.46.
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, beating the Zacks’ consensus estimate of $1.10 by $0.14. The firm earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The business’s revenue was down 9.9% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Analysts forecast that Citigroup Inc. will post $4.61 EPS for the current year.
A number of equities research analysts have issued reports on C shares. Nomura reiterated a “buy” rating and issued a $55.00 target price on shares of Citigroup in a research note on Thursday, September 29th. Drexel Hamilton reiterated a “buy” rating and issued a $65.00 target price 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 on the stock 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. Finally, Sanford C. Bernstein restated 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 given a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.39.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares in the company, valued at $1,554,112.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company 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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