MAI Capital Management raised its stake in shares of Citigroup Inc (NYSE:C) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,128 shares of the financial services provider’s stock after buying an additional 26,117 shares during the period. MAI Capital Management’s holdings in Citigroup were worth $12,061,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of C. Legacy Advisors LLC grew its position in shares of Citigroup by 349.7% in the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,336 shares during the last quarter. IMA Wealth Inc. acquired a new stake in shares of Citigroup in the second quarter valued at about $129,000. Chicago Partners Investment Group LLC grew its position in shares of Citigroup by 197.2% in the second quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 1,678 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Citigroup in the third quarter valued at about $186,000. Finally, UBP Investment Advisors SA acquired a new stake in shares of Citigroup in the third quarter valued at about $215,000. Institutional investors own 74.81% of the company’s stock.
In related news, 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 transaction of $34,605.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on C shares. Deutsche Bank raised Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, June 20th. ValuEngine downgraded Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 price target on shares of Citigroup in a research report on Monday, July 16th. Morgan Stanley lowered their price target on Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Finally, Oppenheimer raised their price target on Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.25.
C stock opened at $69.84 on Friday. Citigroup Inc has a twelve month low of $64.38 and a twelve month high of $80.70. The stock has a market cap of $184.38 billion, a P/E ratio of 13.10, a PEG ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.00.
Citigroup (NYSE:C) last released its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. The business had revenue of $18.47 billion for the quarter, compared to the consensus estimate of $18.43 billion. On average, sell-side analysts predict that Citigroup Inc will post 6.59 earnings per share for the current fiscal year.
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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