Global X Management Co LLC boosted its stake in Citigroup Inc (NYSE:C) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,820 shares of the financial services provider’s stock after acquiring an additional 2,880 shares during the quarter. Global X Management Co LLC’s holdings in Citigroup were worth $1,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. ValueAct Holdings L.P. lifted its position in Citigroup by 1,372.7% in the 1st quarter. ValueAct Holdings L.P. now owns 16,200,000 shares of the financial services provider’s stock valued at $1,093,500,000 after acquiring an additional 15,100,000 shares in the last quarter. FMR LLC lifted its position in Citigroup by 2.1% in the 2nd quarter. FMR LLC now owns 107,588,759 shares of the financial services provider’s stock valued at $7,199,839,000 after acquiring an additional 2,247,392 shares in the last quarter. Summit Trail Advisors LLC lifted its position in Citigroup by 5,933.7% in the 1st quarter. Summit Trail Advisors LLC now owns 1,103,074 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 1,084,792 shares in the last quarter. Toronto Dominion Bank lifted its position in Citigroup by 89.9% in the 1st quarter. Toronto Dominion Bank now owns 1,926,828 shares of the financial services provider’s stock valued at $130,033,000 after acquiring an additional 912,012 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Citigroup by 19.7% in the 2nd quarter. Bessemer Group Inc. now owns 5,012,434 shares of the financial services provider’s stock valued at $335,432,000 after acquiring an additional 824,301 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raja Akram sold 500 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

C has been the topic of several recent research reports. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. TheStreet upgraded shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. BMO Capital Markets lifted their price target on shares of Citigroup from $76.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Oppenheimer lifted their price target on shares of Citigroup from $89.00 to $91.00 and gave the company an “outperformer” rating in a research note on Monday, July 16th. Finally, Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Hold” and a consensus target price of $81.65.

Citigroup stock opened at $73.84 on Tuesday. The stock has a market cap of $190.57 billion, a PE ratio of 12.36, a PEG ratio of 1.00 and a beta of 1.45. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. The company had revenue of $18.47 billion for the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. research analysts expect that Citigroup Inc will post 6.59 EPS for the current fiscal year.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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