Pennsylvania Trust Co lessened its stake in shares of Citigroup Inc (NYSE:C) by 8.3% during the third quarter, HoldingsChannel.com reports. The fund owned 33,686 shares of the financial services provider’s stock after selling 3,035 shares during the period. Pennsylvania Trust Co’s holdings in Citigroup were worth $2,417,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. We Are One Seven LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at $1,060,000. Douglas Lane & Associates LLC boosted its holdings in shares of Citigroup by 21.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 361,287 shares of the financial services provider’s stock valued at $25,919,000 after purchasing an additional 62,845 shares in the last quarter. One Capital Management LLC boosted its holdings in shares of Citigroup by 4.4% during the 3rd quarter. One Capital Management LLC now owns 40,085 shares of the financial services provider’s stock valued at $2,876,000 after acquiring an additional 1,691 shares in the last quarter. Optimum Investment Advisors boosted its holdings in shares of Citigroup by 8.7% during the 3rd quarter. Optimum Investment Advisors now owns 10,573 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 850 shares in the last quarter. Finally, Triangle Securities Wealth Management boosted its holdings in shares of Citigroup by 5.9% during the 3rd quarter. Triangle Securities Wealth Management now owns 24,781 shares of the financial services provider’s stock valued at $1,778,000 after acquiring an additional 1,372 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
In other news, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raja Akram sold 500 shares of Citigroup stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.
Citigroup (NYSE:C) last announced its earnings results on Friday, July 13th. The financial services provider reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.08. The firm had revenue of $18.47 billion for the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. On average, equities research analysts forecast that Citigroup Inc will post 6.59 EPS for the current year.
Several research firms recently weighed in on C. Wolfe Research began coverage on Citigroup in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Deutsche Bank raised their price objective on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. Finally, Vining Sparks reissued a “buy” rating and set a $77.00 price objective on shares of Citigroup in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Citigroup presently has a consensus rating of “Hold” and an average target price of $82.25.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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