M&R Capital Management Inc. reduced its position in shares of Citigroup Inc (NYSE:C) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,798 shares of the financial services provider’s stock after selling 1,295 shares during the quarter. M&R Capital Management Inc.’s holdings in Citigroup were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in C. Personal Wealth Partners bought a new stake in shares of Citigroup in the 2nd quarter valued at about $27,000. Centaurus Financial Inc. increased its stake in Citigroup by 95.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares in the last quarter. Mcmillion Capital Management Inc. bought a new stake in Citigroup during the 2nd quarter worth approximately $31,000. Avestar Capital LLC increased its stake in Citigroup by 35.0% during the 1st quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 158 shares in the last quarter. Finally, Bray Capital Advisors increased its stake in Citigroup by 257.4% during the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares in the last quarter. 76.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on C shares. Berenberg Bank set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Monday, June 17th. Barclays increased their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. UBS Group increased their target price on Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Co set a $85.00 target price on Citigroup and gave the stock a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $79.54.
Citigroup (NYSE:C) last released its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The firm had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc will post 7.53 earnings per share for the current year.
In other news, insider Michael Whitaker sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now owns 93,848 shares of the company’s stock, valued at approximately $5,821,391.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
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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