Proficio Capital Partners LLC Purchases 586 Shares of Citigroup Inc. (C)
Proficio Capital Partners LLC boosted its stake in Citigroup Inc. (NYSE:C) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 14,956 shares of the financial services provider’s stock after buying an additional 586 shares during the period. Proficio Capital Partners LLC’s holdings in Citigroup were worth $659,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Citigroup by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,083,668 shares of the financial services provider’s stock worth $206,341,000 after buying an additional 738,298 shares during the period. Boston Advisors LLC bought a new stake in Citigroup during the second quarter worth about $10,755,000. Sanders Capital LLC raised its stake in Citigroup by 0.6% in the second quarter. Sanders Capital LLC now owns 16,006,239 shares of the financial services provider’s stock worth $693,526,000 after buying an additional 89,414 shares during the period. Legal & General Group Plc raised its stake in 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. Finally, Orbis Allan Gray Ltd bought a new stake in Citigroup during the first quarter worth about $181,532,000. Institutional investors own 71.26% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded down 0.02% during midday trading on Monday, reaching $48.60. 16,653,598 shares of the company were exchanged. Citigroup Inc. has a 52-week low of $34.52 and a 52-week high of $56.46. The stock has a market capitalization of $141.20 billion, a price-to-earnings ratio of 10.29 and a beta of 1.86. The company’s 50-day moving average price is $47.49 and its 200 day moving average price is $45.05.
Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Citigroup Inc. will post $4.61 earnings per share for the current year.
C has been the topic of a number of recent analyst reports. Nomura reiterated a “buy” rating and issued a $55.00 price objective on shares of Citigroup in a report on Thursday, September 29th. Compass Point initiated coverage on Citigroup in a report on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price objective on the stock. Drexel Hamilton reiterated a “buy” rating and issued a $65.00 price objective on shares of Citigroup in a report on Monday, July 18th. Vetr upgraded Citigroup from a “buy” rating to a “strong-buy” rating and set a $47.21 price objective on the stock in a report on Tuesday, July 5th. Finally, TheStreet upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.76.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value 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 accessible through this link. 0.13% of the stock is currently owned by company insiders.
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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