UMB Bank N A MO decreased its position in Citigroup Inc. (NYSE:C) by 30.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,014 shares of the financial services provider’s stock after selling 2,163 shares during the period. UMB Bank N A MO’s holdings in Citigroup were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in C. BlackRock Inc. lifted its stake in Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares during the period. Vanguard Group Inc. lifted its stake in Citigroup by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after acquiring an additional 4,391,347 shares during the period. FMR LLC lifted its stake in Citigroup by 18.2% during the 1st quarter. FMR LLC now owns 105,742,815 shares of the financial services provider’s stock valued at $6,325,535,000 after acquiring an additional 16,257,931 shares during the period. Bank of New York Mellon Corp lifted its stake in Citigroup by 31.3% during the 1st quarter. Bank of New York Mellon Corp now owns 43,167,279 shares of the financial services provider’s stock valued at $2,582,269,000 after acquiring an additional 10,294,403 shares during the period. Finally, Harris Associates L P lifted its stake in Citigroup by 25.9% during the 1st quarter. Harris Associates L P now owns 41,129,780 shares of the financial services provider’s stock valued at $2,460,384,000 after acquiring an additional 8,464,257 shares during the period. Institutional investors own 75.38% of the company’s stock.

Citigroup Inc. (NYSE:C) opened at 74.06 on Thursday. Citigroup Inc. has a 52 week low of $47.54 and a 52 week high of $74.74. The stock has a market cap of $201.78 billion, a price-to-earnings ratio of 14.83 and a beta of 1.45. The stock’s 50 day moving average price is $69.29 and its 200 day moving average price is $64.57.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.07. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The firm had revenue of $17.90 billion for the quarter, compared to analyst estimates of $17.38 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Citigroup’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Citigroup Inc. will post $5.20 earnings per share for the current year.

Citigroup declared that its board has initiated a stock buyback program on Wednesday, June 28th that permits the company to buyback $15.60 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Several research firms have issued reports on C. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research note on Monday. Royal Bank Of Canada restated a “buy” rating and set a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $71.43.

In related news, CEO Francisco Aristeguieta sold 40,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the transaction, the chief executive officer now owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey R. Walsh sold 5,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the transaction, the insider now directly owns 56,394 shares in the company, 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 corporate insiders.

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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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