Retirement Systems of Alabama decreased its stake in shares of Citigroup Inc. (NYSE:C) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,695,516 shares of the financial services provider’s stock after selling 6,311 shares during the period. Citigroup accounts for about 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 24th largest position. Retirement Systems of Alabama’s holdings in Citigroup were worth $114,263,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Virginia Retirement System purchased a new stake in shares of Citigroup during the first quarter valued at $39,321,000. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Citigroup during the first quarter valued at $2,736,000. Commonwealth Equity Services Inc increased its stake in shares of Citigroup by 4.7% in the first quarter. Commonwealth Equity Services Inc now owns 156,084 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 6,978 shares during the period. Factory Mutual Insurance Co. increased its stake in shares of Citigroup by 17.9% in the first quarter. Factory Mutual Insurance Co. now owns 2,392,869 shares of the financial services provider’s stock valued at $99,902,000 after buying an additional 363,000 shares during the period. Finally, KLCM Advisors Inc. increased its stake in shares of Citigroup by 1.8% in the first quarter. KLCM Advisors Inc. now owns 402,282 shares of the financial services provider’s stock valued at $16,795,000 after buying an additional 7,075 shares during the period. 71.41% of the stock is currently owned by institutional investors.
Citigroup Inc. (NYSE:C) traded up 1.08% during trading on Wednesday, reaching $46.87. 15,871,608 shares of the company’s stock traded hands. The firm has a market capitalization of $136.17 billion, a PE ratio of 9.92 and a beta of 1.90. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.46. The firm has a 50 day moving average of $46.83 and a 200 day moving average of $44.61.
Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ 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 earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post $4.62 EPS for the current year.
Several brokerages have weighed in on C. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Vetr upgraded shares of Citigroup from a “sell” rating to a “hold” rating and set a $46.20 price objective for the company in a research note on Monday, September 5th. Nomura lowered their price objective on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, September 7th. Credit Agricole SA lifted their price objective on shares of Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Finally, Goldman Sachs Group Inc. downgraded shares of Citigroup from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $52.00 to $50.00 in a research note on Friday, September 16th. One equities 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $55.62.
In related news, insider Joseph Michael Murray sold 8,122 shares of the firm’s 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 completion of the sale, the insider now owns 35,042 shares in the company, valued at $1,554,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate 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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