Bbva Compass Bancshares Inc. Purchases 54,545 Shares of Citigroup Inc. (C)
Bbva Compass Bancshares Inc. raised its stake in shares of Citigroup Inc. (NYSE:C) by 71.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,723 shares of the financial services provider’s stock after buying an additional 54,545 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Citigroup were worth $5,541,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC increased its position 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 valued at $122,000 after buying an additional 1,426 shares during the period. Winslow Evans & Crocker Inc. increased its position in 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 last quarter. Kistler Tiffany Companies LLC increased its position in 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 last quarter. Davis R M Inc. bought a new position in Citigroup during the second quarter worth about $208,000. Finally, Signaturefd LLC increased its position in Citigroup by 48.7% in the second quarter. Signaturefd LLC now owns 5,019 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 71.26% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded down 0.06% during mid-day trading on Monday, reaching $48.58. 12,463,151 shares of the company’s stock were exchanged. The company’s 50 day moving average is $47.49 and its 200 day moving average is $45.05. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $56.46. The stock has a market capitalization of $141.14 billion, a PE ratio of 10.28 and a beta of 1.86.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The business had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. During the same quarter in the prior year, the business posted $1.31 EPS. Citigroup’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post $4.61 EPS for the current fiscal year.
C has been the subject of a number of research reports. Nomura reissued a “buy” rating and issued a $55.00 price target on shares of Citigroup in a research note on Thursday, September 29th. Compass Point initiated coverage on shares of Citigroup in a research note on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price target for the company. Drexel Hamilton reissued a “buy” rating and issued a $65.00 price target on shares of Citigroup in a research note on Monday, July 18th. Vetr raised shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 target price for the company in a research note on Tuesday, July 5th. Finally, TheStreet raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.76.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the company’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 owns 35,042 shares in the company, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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