Columbus Macro LLC Sells 1,124 Shares of Citigroup Inc. (NYSE:C)

Columbus Macro LLC reduced its stake in shares of Citigroup Inc. (NYSE:C) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,598 shares of the company’s stock after selling 1,124 shares during the period. Columbus Macro LLC’s holdings in Citigroup were worth $2,002,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in Citigroup by 123.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after acquiring an additional 17,525,484 shares during the period. Swedbank AB purchased a new stake in shares of Citigroup during the 1st quarter valued at approximately $253,286,000. Acadian Asset Management LLC boosted its holdings in Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after buying an additional 2,100,135 shares during the period. Caxton Associates LP boosted its holdings in Citigroup by 7,393.3% in the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after buying an additional 1,988,494 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in Citigroup by 1,749.2% in the 1st quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company’s stock valued at $82,985,000 after buying an additional 1,243,249 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.8 %

Citigroup stock traded down $1.12 during mid-day trading on Friday, hitting $62.85. The company’s stock had a trading volume of 13,841,159 shares, compared to its average volume of 14,451,396. The business has a 50 day moving average price of $61.35 and a 200-day moving average price of $61.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81. The stock has a market cap of $119.88 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, analysts forecast that Citigroup Inc. will post 5.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on C. Oppenheimer cut their price target on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday. The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday. Argus upped their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Bank of America raised their target price on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.