Newman Dignan & Sheerar Inc. increased its position in Citigroup Inc (NYSE:C) by 9.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,013 shares of the financial services provider’s stock after purchasing an additional 815 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Citigroup were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in Citigroup during the 1st quarter valued at $116,000. Risk Paradigm Group LLC boosted its stake in Citigroup by 829.2% during the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,733 shares during the last quarter. Bedel Financial Consulting Inc. bought a new position in Citigroup during the 1st quarter valued at $133,000. Twin Tree Management LP boosted its stake in Citigroup by 100.4% during the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 535,686 shares during the last quarter. Finally, Clearwater Capital Advisors LLC bought a new position in Citigroup during the 1st quarter valued at $143,000. Institutional investors and hedge funds own 76.54% of the company’s stock.
Shares of NYSE:C traded up $0.54 on Friday, reaching $67.10. 413,836 shares of the company’s stock were exchanged, compared to its average volume of 17,045,744. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The stock has a market capitalization of $169.78 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter last year, the company earned $1.35 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc will post 6.49 EPS for the current fiscal year.
In related news, CFO John C. Gerspach sold 12,966 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.
A number of research firms have commented on C. Morgan Stanley increased their price objective on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, March 15th. HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and increased their price objective for the company from $82.00 to $85.00 in a research note on Wednesday, April 11th. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, April 6th. ValuEngine downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Daiwa Capital Markets cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a report on Thursday, May 17th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.78.
Citigroup Company Profile
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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