Inlet Private Wealth LLC reduced its position in Citigroup Inc. (NYSE:C) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 80,818 shares of the company’s stock after selling 3,030 shares during the period. Citigroup comprises 1.4% of Inlet Private Wealth LLC’s holdings, making the stock its 20th largest position. Inlet Private Wealth LLC’s holdings in Citigroup were worth $3,484,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Bridge Creek Capital Management LLC lifted its stake in Citigroup by 9.4% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 55,717 shares of the company’s stock valued at $2,402,000 after purchasing an additional 4,765 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Citigroup by 11.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 174,540 shares of the company’s stock valued at $7,524,000 after acquiring an additional 18,029 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Citigroup by 25.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 30,793 shares of the company’s stock valued at $1,328,000 after acquiring an additional 6,157 shares during the period. Arden Trust Co raised its holdings in Citigroup by 6.6% in the 3rd quarter. Arden Trust Co now owns 14,482 shares of the company’s stock valued at $625,000 after acquiring an additional 901 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Citigroup in the 3rd quarter valued at about $235,000.
In other news, Director Gary M. Reiner sold 485 shares of Citigroup stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $102.74, for a total transaction of $49,828.90. Following the transaction, the director now owns 4,462 shares in the company, valued at $458,425.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Several research analysts have weighed in on the stock. Oppenheimer reissued a “buy” rating and issued a $100.00 price target on shares of Citigroup in a report on Thursday, October 1st. Odeon Capital Group cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. Morgan Stanley lowered their price target on shares of Citigroup from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Berenberg Bank raised their target price on shares of Citigroup from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut shares of Citigroup from an “overweight” rating to a “neutral” rating and set a $57.50 target price on the stock. in a report on Thursday, October 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $69.40.
Shares of NYSE:C traded down $0.42 during mid-day trading on Friday, reaching $43.19. 26,007,087 shares of the company’s stock were exchanged.
Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, October 19th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.39. The business had revenue of $17.30 billion for the quarter, compared to analyst estimates of $17.18 billion. Citigroup’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.97 EPS.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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