HNP Capital LLC Increases Position in Citigroup Inc (NYSE:C)

HNP Capital LLC grew its stake in Citigroup Inc (NYSE:C) by 27.9% during the third quarter, HoldingsChannel reports. The fund owned 5,649 shares of the financial services provider’s stock after acquiring an additional 1,232 shares during the quarter. HNP Capital LLC’s holdings in Citigroup were worth $377,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Personal Wealth Partners acquired a new stake in shares of Citigroup in the 2nd quarter worth $27,000. Mcmillion Capital Management Inc. acquired a new stake in shares of Citigroup in the 2nd quarter worth $31,000. MRA Associates USA LLC acquired a new stake in shares of Citigroup in the 2nd quarter worth $34,000. Bray Capital Advisors boosted its position in shares of Citigroup by 257.4% in 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. Finally, Next Capital Management LLC acquired a new stake in Citigroup during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 76.66% of the company’s stock.

Shares of C stock traded up $0.93 on Friday, hitting $67.63. The company had a trading volume of 475,823 shares, compared to its average volume of 13,273,404. The firm has a market cap of $153.95 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.74 and a beta of 1.80. The company has a 50-day moving average price of $66.33 and a 200-day moving average price of $67.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $73.98.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $18.49 billion. During the same quarter in the previous year, the business earned $1.63 EPS. Citigroup’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc will post 7.52 EPS for the current year.

In related news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction dated 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 transaction, the insider now owns 93,848 shares in the company, valued at approximately $5,821,391.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

A number of brokerages have commented on C. UBS Group lifted their price target on Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Co set a $85.00 price target on Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Bank of America cut Citigroup to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.54.

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).

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.