Voleon Capital Management LP Raises Stock Position in Citigroup Inc (NYSE:C)

Voleon Capital Management LP increased its stake in Citigroup Inc (NYSE:C) by 16.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 583,000 shares of the financial services provider’s stock after purchasing an additional 83,000 shares during the quarter. Citigroup accounts for 2.3% of Voleon Capital Management LP’s portfolio, making the stock its 11th largest position. Voleon Capital Management LP’s holdings in Citigroup were worth $40,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of C. Personal Wealth Partners bought a new position in Citigroup in the second quarter worth approximately $27,000. Mcmillion Capital Management Inc. bought a new position in Citigroup in the second quarter worth approximately $31,000. MRA Associates USA LLC bought a new position in Citigroup in the second quarter worth approximately $34,000. Bray Capital Advisors raised its position in Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 350 shares during the period. Finally, Next Capital Management LLC bought a new position in Citigroup in the second quarter worth approximately $38,000. Institutional investors own 76.66% of the company’s stock.

NYSE C traded down $1.66 on Tuesday, reaching $67.89. The company had a trading volume of 1,109,092 shares, compared to its average volume of 13,050,616. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $156.67 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78. The firm’s 50 day moving average price is $65.78 and its 200 day moving average price is $66.86. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $74.53.



Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. Citigroup’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. On average, research analysts expect that Citigroup Inc will post 7.53 EPS for the current year.

Several analysts have recently commented on the stock. Wells Fargo & Co set a $85.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Friday, August 16th. Bank of America downgraded shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $86.00 in a research report on Friday, July 26th. Finally, Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price objective on the stock in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Citigroup has an average rating of “Buy” and an average price target of $79.12.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the sale, the insider now directly owns 93,848 shares in the company, valued at approximately $5,821,391.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Citigroup Profile

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).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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