Commonwealth Equity Services LLC cut its position in shares of Citigroup Inc (NYSE:C) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 287,127 shares of the financial services provider’s stock after selling 19,862 shares during the period. Commonwealth Equity Services LLC’s holdings in Citigroup were worth $14,947,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in C. Northeast Financial Consultants Inc acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $545,000. ValueAct Holdings L.P. grew its position in shares of Citigroup by 4.2% during the 3rd quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock worth $1,881,417,000 after purchasing an additional 1,050,000 shares in the last quarter. Rampart Investment Management Company LLC grew its position in shares of Citigroup by 56.0% during the 3rd quarter. Rampart Investment Management Company LLC now owns 68,862 shares of the financial services provider’s stock worth $1,832,768,000 after purchasing an additional 24,716 shares in the last quarter. Trinity Street Asset Management LLP grew its position in shares of Citigroup by 0.7% during the 4th quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock worth $21,856,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Personal Capital Advisors Corp grew its position in shares of Citigroup by 21.2% during the 4th quarter. Personal Capital Advisors Corp now owns 4,477 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 784 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.
Shares of C traded up $0.64 during trading hours on Wednesday, hitting $65.06. 11,411,050 shares of the stock were exchanged, compared to its average volume of 17,187,469. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. The stock has a market cap of $167.70 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.81 and a beta of 1.67. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24.
Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $1.28 earnings per share. Sell-side analysts anticipate that Citigroup Inc will post 7.43 EPS for the current fiscal year.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on C shares. Morgan Stanley cut their price target on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Barclays cut their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a report on Friday, January 25th. Finally, Wells Fargo & Co downgraded shares of Citigroup to a “buy” rating in a report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $78.27.
About Citigroup
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).