Emerald Advisers Inc. PA Reduces Stake in Citigroup Inc. (C)
Emerald Advisers Inc. PA reduced its position in shares of Citigroup Inc. (NYSE:C) by 29.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,181 shares of the financial services provider’s stock after selling 2,184 shares during the period. Emerald Advisers Inc. PA’s holdings in Citigroup were worth $220,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Columbia Partners L L C Investment Management raised its stake in shares of Citigroup by 29.6% in the first quarter. Columbia Partners L L C Investment Management now owns 28,267 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 6,460 shares in the last quarter. Benchmark Capital Advisors raised its position in Citigroup by 22.5% in the first quarter. Benchmark Capital Advisors now owns 53,970 shares of the financial services provider’s stock valued at $2,253,000 after buying an additional 9,900 shares during the period. Acrospire Investment Management LLC bought a new position in Citigroup during the first quarter valued at $271,000. NN Investment Partners Holdings N.V. bought a new position in Citigroup during the first quarter valued at $199,573,000. Finally, Shufro Rose & Co. LLC raised its position in Citigroup by 6.0% in the first quarter. Shufro Rose & Co. LLC now owns 19,685 shares of the financial services provider’s stock valued at $822,000 after buying an additional 1,119 shares during the period. 71.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Citigroup Inc. (NYSE:C) traded down 0.47% during trading on Thursday, reaching $48.47. The company’s stock had a trading volume of 21,938,856 shares. The stock’s 50-day moving average is $47.38 and its 200-day moving average is $44.98. The stock has a market cap of $140.82 billion, a P/E ratio of 10.26 and a beta of 1.86. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.46.
Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The business earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same period in the prior year, the company earned $1.45 earnings per share. Citigroup’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post $4.61 earnings per share for the current fiscal year.
C has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $63.00 price target (down previously from $70.00) on shares of Citigroup in a research report on Wednesday, July 6th. Vetr lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price target on the stock. in a research report on Monday, June 27th. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, August 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $65.00 price target on shares of Citigroup in a research report on Monday, July 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $54.76.
In other news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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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