Citigroup Inc. (C) Stake Raised by UMB Bank N A MO
UMB Bank N A MO increased its stake in shares of Citigroup Inc. (NYSE:C) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,721 shares of the financial services provider’s stock after buying an additional 36 shares during the period. UMB Bank N A MO’s holdings in Citigroup were worth $285,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Advisors LLC acquired a new position in shares of Citigroup during the second quarter valued at about $10,755,000. Legal & General Group Plc boosted 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 valued at $589,847,000 after buying an additional 289,283 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Citigroup during the first quarter valued at about $181,532,000. Strs Ohio boosted 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 valued at $176,538,000 after buying an additional 206,512 shares in the last quarter. Finally, Samlyn Capital LLC acquired a new position in shares of Citigroup during the first quarter valued at about $39,195,000. 71.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Citigroup Inc. (NYSE:C) traded up 3.12% during midday trading on Friday, reaching $47.23. 25,563,084 shares of the company’s stock traded hands. The stock has a market cap of $137.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.90. Citigroup Inc. has a 52-week low of $34.52 and a 52-week high of $56.46. The stock has a 50 day moving average of $46.88 and a 200-day moving average of $44.65.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. On average, equities research analysts expect that Citigroup Inc. will post $4.61 EPS for the current year.
Several brokerages have commented on C. Nomura reiterated a “buy” rating and issued a $55.00 target price on shares of Citigroup in a report on Thursday. Drexel Hamilton reiterated a “buy” rating and issued a $65.00 target price on shares of Citigroup in a report on Monday, July 18th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 target price for the company in a report on Tuesday, July 5th. TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Citigroup in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.39.
In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the sale, the insider now owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.
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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