Citigroup Inc. (NYSE:C) Shares Sold by Tiaa Fsb

Tiaa Fsb cut its holdings in Citigroup Inc. (NYSE:C – Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,717 shares of the company’s stock after selling 2,166 shares during the period. Tiaa Fsb’s holdings in Citigroup were worth $784,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of C. Snider Financial Group boosted its holdings in shares of Citigroup by 96,645.9% in the 1st quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after buying an additional 84,407,589 shares during the period. Norges Bank acquired a new position in Citigroup during the 4th quarter valued at about $631,922,000. Price T Rowe Associates Inc. MD boosted its stake in Citigroup by 67.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,411,429 shares of the company’s stock valued at $923,209,000 after purchasing an additional 8,217,942 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Citigroup by 87,332.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock valued at $339,738,000 after purchasing an additional 7,502,751 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Citigroup by 314.2% during the 4th quarter. Franklin Resources Inc. now owns 8,842,059 shares of the company’s stock valued at $399,926,000 after purchasing an additional 6,707,169 shares during the period. 69.39% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, insider Zdenek Turek sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $49.87, for a total transaction of $598,440.00. Following the sale, the insider now owns 155,979 shares in the company, valued at $7,778,672.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

C has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Citigroup from $56.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, April 17th. StockNews.com initiated coverage on shares of Citigroup in a research note on Thursday, May 18th. They set a “hold” rating for the company. Morgan Stanley boosted their target price on shares of Citigroup from $41.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday, April 17th. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. Finally, 92 Resources restated a “reiterates” rating on shares of Citigroup in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.50.

Citigroup Stock Down 0.5 %

NYSE C opened at $46.04 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $46.52 and its 200 day simple moving average is $47.64. Citigroup Inc. has a 12 month low of $40.01 and a 12 month high of $54.56. The company has a market capitalization of $89.63 billion, a P/E ratio of 6.42, a PEG ratio of 1.77 and a beta of 1.57.

Citigroup (NYSE:C – Free Report) last released its earnings results on Friday, April 14th. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.53. Citigroup had a net margin of 12.96% and a return on equity of 7.84%. The business had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the previous year, the firm earned $2.02 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts expect that Citigroup Inc. will post 5.89 earnings per share for the current fiscal year.

About Citigroup

(Free Report)

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. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

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