Menora Mivtachim Holdings LTD. trimmed its stake in Citigroup Inc. (NYSE:C) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,201,125 shares of the financial services provider’s stock after selling 2,380 shares during the quarter. Citigroup comprises 3.7% of Menora Mivtachim Holdings LTD.’s portfolio, making the stock its 6th largest position. Menora Mivtachim Holdings LTD.’s holdings in Citigroup were worth $80,331,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after buying an additional 189,447,104 shares during the period. FMR LLC grew its stake in Citigroup by 18.2% during the first quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock worth $6,325,535,000 after buying an additional 16,257,931 shares during the period. Bank of New York Mellon Corp grew its stake in Citigroup by 31.3% during the first quarter. Bank of New York Mellon Corp now owns 43,167,279 shares of the financial services provider’s stock worth $2,582,269,000 after buying an additional 10,294,403 shares during the period. Harris Associates L P grew its stake in Citigroup by 25.9% during the first quarter. Harris Associates L P now owns 41,129,780 shares of the financial services provider’s stock worth $2,460,384,000 after buying an additional 8,464,257 shares during the period. Finally, Vanguard Group Inc. grew its stake in Citigroup by 2.5% during the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after buying an additional 4,391,347 shares during the period. Hedge funds and other institutional investors own 75.38% of the company’s stock.

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Several equities research analysts have issued reports on C shares. Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $70.90 price objective for the company. in a research note on Monday, June 12th. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation reiterated a “buy” rating and set a $68.00 price objective (up from $64.00) on shares of Citigroup in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods set a $69.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $64.00 price objective on shares of Citigroup in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.08.

Shares of Citigroup Inc. (C) opened at 71.40 on Monday. Citigroup Inc. has a one year low of $45.16 and a one year high of $72.20. The firm’s 50 day moving average is $68.04 and its 200-day moving average is $63.70. The firm has a market capitalization of $194.53 billion, a PE ratio of 14.29 and a beta of 1.47.

Citigroup (NYSE:C) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. On average, equities research analysts predict that Citigroup Inc. will post $5.21 earnings per share for the current fiscal year.

Citigroup declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $15.60 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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