Citigroup Inc. (C) Shares Sold by MU Investments Co. Ltd.
MU Investments Co. Ltd. cut its position in shares of Citigroup Inc. (NYSE:C) by 43.2% during the second quarter, Holdings Channel reports. The fund owned 6,700 shares of the financial services provider’s stock after selling 5,100 shares during the period. MU Investments Co. Ltd.’s holdings in Citigroup were worth $282,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Boston Advisors LLC acquired a new position in shares of Citigroup during the second quarter worth approximately $10,755,000. Legal & General Group Plc raised its position in shares of Citigroup by 2.1% in the first quarter. Legal & General Group Plc now owns 14,126,657 shares of the financial services provider’s stock worth $589,847,000 after buying an additional 289,283 shares during the period. Orbis Allan Gray Ltd acquired a new position in shares of Citigroup during the first quarter worth approximately $181,532,000. Strs Ohio raised its position in shares of Citigroup by 5.2% in the second quarter. Strs Ohio now owns 4,164,626 shares of the financial services provider’s stock worth $176,538,000 after buying an additional 206,512 shares during the period. Finally, Samlyn Capital LLC acquired a new position in shares of Citigroup during the first quarter worth approximately $39,195,000. Institutional investors own 71.41% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded down 2.28% on Thursday, reaching $45.80. The company’s stock had a trading volume of 28,066,787 shares. The company’s 50 day moving average is $46.84 and its 200-day moving average is $44.62. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.46. The firm has a market cap of $133.07 billion, a price-to-earnings ratio of 9.69 and a beta of 1.90.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. Citigroup’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. Equities research analysts expect that Citigroup Inc. will post $4.62 EPS for the current year.
A number of brokerages have recently commented on C. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Vetr raised Citigroup from a “sell” rating to a “hold” rating and set a $46.20 target price on the stock in a report on Monday, September 5th. Nomura lowered their target price on Citigroup from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, September 7th. Credit Agricole SA lifted their target price on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Finally, Goldman Sachs Group Inc. lowered Citigroup from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $52.00 to $50.00 in a report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $55.39.
In other news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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