Artemis Investment Management LLP grew its stake in shares of Citigroup Inc (NYSE:C) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,168,756 shares of the financial services provider’s stock after acquiring an additional 5,346 shares during the period. Citigroup comprises approximately 2.0% of Artemis Investment Management LLP’s investment portfolio, making the stock its 4th biggest holding. Artemis Investment Management LLP owned approximately 0.10% of Citigroup worth $149,488,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Personal Wealth Partners bought a new position in Citigroup in the second quarter worth approximately $27,000. Centaurus Financial Inc. raised its stake in Citigroup by 95.1% in the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after buying an additional 835 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in Citigroup in the second quarter worth approximately $31,000. Bray Capital Advisors raised its stake in Citigroup by 257.4% in the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after buying an additional 350 shares in the last quarter. Finally, MRA Associates USA LLC bought a new position in Citigroup in the second quarter worth approximately $34,000. 76.66% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on C. Berenberg Bank set a $78.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Monday, June 17th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $86.00 in a report on Friday, July 26th. UBS Group lifted their price target on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Citigroup from $81.00 to $77.50 and set an “overweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley set a $78.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $79.73.
In other news, insider Michael Whitaker sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the sale, the insider now directly owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.
Shares of C traded up $1.33 during trading hours on Thursday, reaching $68.76. 5,172,689 shares of the company traded hands, compared to its average volume of 12,853,255. The stock has a market capitalization of $153.95 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.74 and a beta of 1.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $73.08. The business has a fifty day moving average price of $66.91 and a 200-day moving average price of $67.22.
Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The firm had revenue of $18.76 billion for the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, research analysts predict that Citigroup Inc will post 7.53 EPS for the current fiscal year.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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