Rathbone Brothers plc Lowers Holdings in Citigroup Inc (NYSE:C)

Rathbone Brothers plc cut its stake in Citigroup Inc (NYSE:C) by 46.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,471 shares of the financial services provider’s stock after selling 109,691 shares during the quarter. Rathbone Brothers plc’s holdings in Citigroup were worth $7,869,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Miles Capital Inc. acquired a new position in Citigroup in the first quarter valued at approximately $237,000. IFG Advisory LLC raised its holdings in shares of Citigroup by 7.0% during the first quarter. IFG Advisory LLC now owns 5,957 shares of the financial services provider’s stock valued at $370,000 after buying an additional 389 shares during the last quarter. Piedmont Investment Advisors Inc. raised its holdings in shares of Citigroup by 213.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 113,794 shares of the financial services provider’s stock valued at $7,080,000 after buying an additional 77,493 shares during the last quarter. Berman Capital Advisors LLC raised its holdings in shares of Citigroup by 44.1% during the first quarter. Berman Capital Advisors LLC now owns 3,345 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,024 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC raised its holdings in shares of Citigroup by 20.7% during the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 5,761 shares of the financial services provider’s stock valued at $358,000 after buying an additional 989 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

In other news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.

Several equities research analysts recently commented on C shares. Oppenheimer boosted their target price on Citigroup from $94.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price target on the stock in a research report on Thursday, May 30th. Wells Fargo & Co lifted their price objective on shares of Citigroup from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. BMO Capital Markets lifted their price objective on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, Odeon Capital Group started coverage on shares of Citigroup in a report on Wednesday, March 27th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Citigroup presently has an average rating of “Buy” and a consensus target price of $79.31.

Citigroup stock traded up $1.88 during trading hours on Friday, hitting $70.03. 20,372,176 shares of the stock were exchanged, compared to its average volume of 15,352,587. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The stock has a 50-day moving average of $66.04. The stock has a market capitalization of $160.55 billion, a PE ratio of 10.53, a P/E/G ratio of 0.73 and a beta of 1.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion for the quarter, compared to analyst estimates of $18.56 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Citigroup’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc will post 7.58 EPS for the current year.

Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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