First Citizens Bank & Trust Co. Sells 16,782 Shares of Citigroup Inc. (C)
First Citizens Bank & Trust Co. decreased its stake in Citigroup Inc. (NYSE:C) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 221,769 shares of the financial services provider’s stock after selling 16,782 shares during the period. First Citizens Bank & Trust Co.’s holdings in Citigroup were worth $9,401,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted its stake in shares of Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,426 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in shares of Citigroup by 9.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,674 shares of the financial services provider’s stock worth $156,000 after buying an additional 321 shares during the period. Kistler Tiffany Companies LLC boosted its stake in shares of Citigroup by 26.1% in the second quarter. Kistler Tiffany Companies LLC now owns 4,589 shares of the financial services provider’s stock worth $195,000 after buying an additional 950 shares during the period. Davis R M Inc. bought a new stake in shares of Citigroup during the second quarter worth $208,000. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,434 shares of the financial services provider’s stock worth $230,000 after buying an additional 43 shares during the period. 71.41% of the stock is owned by institutional investors and hedge funds.
Citigroup Inc. (NYSE:C) traded up 0.581% during midday trading on Friday, reaching $49.355. 13,802,945 shares of the company were exchanged. The firm has a market cap of $143.39 billion, a P/E ratio of 10.446 and a beta of 1.86. Citigroup Inc. has a one year low of $34.52 and a one year high of $56.46. The firm’s 50-day moving average is $47.09 and its 200-day moving average is $44.80.
Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $17.47 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. On average, equities analysts expect that Citigroup Inc. will post $4.61 EPS for the current fiscal year.
A number of equities research analysts have recently commented on C shares. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a report on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Citigroup in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a report on Sunday, June 26th. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 target price for the company. in a report on Monday, July 11th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $55.39.
In related news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.
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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