K.J. Harrison & Partners Inc reduced its position in Citigroup Inc. (NYSE:C) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 15,607 shares of the financial services provider’s stock after selling 400 shares during the period. K.J. Harrison & Partners Inc’s holdings in Citigroup were worth $662,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of C. NN Investment Partners Holdings N.V. bought a new stake in shares of Citigroup during the first quarter worth about $199,573,000. Orbis Allan Gray Ltd bought a new stake in shares of Citigroup during the first quarter worth about $181,532,000. Prudential Financial Inc. raised its stake in shares of Citigroup by 73.6% in the first quarter. Prudential Financial Inc. now owns 9,425,364 shares of the financial services provider’s stock worth $393,510,000 after buying an additional 3,995,730 shares during the period. Hexavest Inc. bought a new stake in shares of Citigroup during the second quarter worth about $85,848,000. Finally, Institutional Capital LLC raised its stake in shares of Citigroup by 26.3% in the first quarter. Institutional Capital LLC now owns 7,652,765 shares of the financial services provider’s stock worth $319,503,000 after buying an additional 1,591,228 shares during the period. 71.41% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc. (NYSE:C) traded down 2.67% during mid-day trading on Monday, reaching $45.89. 22,646,738 shares of the company’s stock were exchanged. The firm has a market cap of $133.33 billion, a price-to-earnings ratio of 9.71 and a beta of 1.90. The stock 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.
Citigroup (NYSE:C) last posted its quarterly earnings data 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 firm earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Analysts anticipate that Citigroup Inc. will post $4.62 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Citigroup in a research note on Saturday, July 9th. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Sunday, July 10th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a research note on Sunday, June 26th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 price objective for the company. in a research note on Monday, July 11th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, July 18th. One investment 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. Citigroup currently has an average rating of “Buy” and a consensus target price of $55.62.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’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 of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently 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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