Citigroup Inc. (C) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,441,512 shares of the financial services provider’s stock after purchasing an additional 62,393 shares during the quarter. Citigroup accounts for about 0.8% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 22nd biggest position. DekaBank Deutsche Girozentrale owned about 0.05% of Citigroup worth $97,257,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in C. Dubuque Bank & Trust Co. grew its position in shares of Citigroup by 60.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 599 shares during the period. Patten Group Inc. increased its stake in Citigroup by 6.6% during the 1st quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 110 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Citigroup during the 2nd quarter worth approximately $123,000. Enterprise Financial Services Corp increased its stake in Citigroup by 6.5% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,963 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 120 shares in the last quarter. Finally, Advantage Investment Management LLC increased its stake in Citigroup by 109.3% during the 1st quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,026 shares in the last quarter. 75.38% of the stock is currently owned by institutional investors.
Citigroup Inc. (C) opened at 74.13 on Wednesday. The firm has a 50 day moving average of $69.11 and a 200 day moving average of $64.51. The firm has a market capitalization of $201.97 billion, a P/E ratio of 14.84 and a beta of 1.45. Citigroup Inc. has a 12-month low of $47.54 and a 12-month high of $74.38.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.07. The company had revenue of $17.90 billion during the quarter, compared to the consensus estimate of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. Citigroup’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.24 earnings per share. On average, analysts forecast that Citigroup Inc. will post $5.20 EPS for the current fiscal year.
Citigroup declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $15.60 billion in shares. This buyback authorization permits the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Several brokerages have commented on C. Credit Suisse Group restated an “outperform” rating and set a $76.00 target price (up from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. BidaskClub cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a research report on Monday. Deutsche Bank AG reissued a “hold” rating on shares of Citigroup in a research report on Monday, July 3rd. Finally, HSBC Holdings plc assumed coverage on shares of Citigroup in a report on Tuesday, July 11th. They set a “hold” rating and a $71.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average target price of $71.16.
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In other news, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the completion of the sale, the chief executive officer now owns 77,570 shares in the company, valued at approximately $5,239,853.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the sale, the insider now owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.
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.
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