First Dallas Securities Inc. Has $605,000 Position in Citigroup Inc (NYSE:C)

First Dallas Securities Inc. lessened its stake in shares of Citigroup Inc (NYSE:C) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 8,640 shares of the financial services provider’s stock after selling 705 shares during the quarter. First Dallas Securities Inc.’s holdings in Citigroup were worth $605,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Personal Wealth Partners bought a new position in Citigroup during the second quarter valued at about $27,000. Mcmillion Capital Management Inc. bought a new position in Citigroup during the second quarter valued at about $31,000. MRA Associates USA LLC bought a new position in Citigroup during the second quarter valued at about $34,000. Bray Capital Advisors boosted its position in Citigroup by 257.4% during the second 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 period. Finally, Next Capital Management LLC bought a new position in Citigroup during the second quarter worth about $38,000. Institutional investors own 76.66% of the company’s stock.

A number of equities analysts have weighed in on the stock. Bank of America lowered shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $86.00 in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.95.

Shares of C stock traded down $0.46 during trading hours on Tuesday, reaching $68.62. The stock had a trading volume of 5,786,983 shares, compared to its average volume of 12,815,440. The stock’s fifty day simple moving average is $66.22 and its 200 day simple moving average is $67.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $73.98. The firm has a market capitalization of $156.91 billion, a PE ratio of 10.32, a PEG ratio of 0.76 and a beta of 1.78.

Citigroup (NYSE:C) last released its quarterly earnings data on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The company had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. During the same period last year, the business earned $1.63 earnings per share. Citigroup’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Citigroup Inc will post 7.53 EPS for the current fiscal year.

In related news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the sale, the insider now directly owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

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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