Rockshelter Capital Management LLC cut its holdings in shares of Citigroup Inc (NYSE:C) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,374 shares of the financial services provider’s stock after selling 9,297 shares during the quarter. Citigroup accounts for about 4.1% of Rockshelter Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Rockshelter Capital Management LLC’s holdings in Citigroup were worth $12,071,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Personal Wealth Partners acquired a new stake in shares of Citigroup during the 2nd quarter valued at about $27,000. Mcmillion Capital Management Inc. acquired a new stake in Citigroup in the 2nd quarter worth approximately $31,000. Harvest Group Wealth Management LLC acquired a new stake in Citigroup in the 1st quarter worth approximately $28,000. MRA Associates USA LLC acquired a new stake in Citigroup in the 2nd quarter worth approximately $34,000. Finally, Bray Capital Advisors lifted its holdings in Citigroup by 257.4% in the 2nd quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 76.56% of the company’s stock.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
C has been the subject of several analyst reports. Barclays boosted their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Bank of America lowered Citigroup to a “hold” rating in a report on Friday, July 26th. Berenberg Bank set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a report on Monday, June 17th. Morgan Stanley set a $78.00 target price on Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Goldman Sachs Group upgraded Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 target price for the company in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and an average target price of $79.12.
C stock traded down $0.56 during trading on Monday, hitting $69.83. The company had a trading volume of 8,576,661 shares, compared to its average volume of 12,906,766. The company has a fifty day moving average price of $65.92 and a two-hundred day moving average price of $66.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The company has a market cap of $156.55 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.75 and a beta of 1.78. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $75.24.
Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.17. The business had revenue of $18.76 billion for the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. Citigroup’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, analysts expect that Citigroup Inc will post 7.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, August 2nd. This is an increase from Citigroup’s previous quarterly dividend of $0.45. Citigroup’s dividend payout ratio is currently 30.68%.
Citigroup Company Profile
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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