Carlton Hofferkamp & Jenks Wealth Management LLC Purchases 350 Shares of Citigroup Inc (NYSE:C)

Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in Citigroup Inc (NYSE:C) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,420 shares of the financial services provider’s stock after buying an additional 350 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Citigroup were worth $715,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Citigroup by 27.8% during the 2nd quarter. Invesco Ltd. now owns 48,104,326 shares of the financial services provider’s stock worth $3,368,746,000 after buying an additional 10,457,813 shares during the last quarter. Bank of New York Mellon Corp raised its position in Citigroup by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,542,950 shares of the financial services provider’s stock worth $2,559,105,000 after buying an additional 122,127 shares during the last quarter. Nuveen Asset Management LLC raised its position in Citigroup by 1,638.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock worth $1,611,674,000 after buying an additional 21,690,409 shares during the last quarter. Morgan Stanley raised its position in Citigroup by 3.4% during the 2nd quarter. Morgan Stanley now owns 12,856,381 shares of the financial services provider’s stock worth $900,333,000 after buying an additional 427,951 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Citigroup by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,309,671 shares of the financial services provider’s stock worth $792,017,000 after buying an additional 88,835 shares during the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the sale, the insider now owns 93,848 shares of the company’s stock, valued at approximately $5,821,391.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

NYSE C traded up $1.75 on Friday, hitting $70.37. The company had a trading volume of 738,875 shares, compared to its average volume of 12,621,599. The company has a market capitalization of $155.02 billion, a PE ratio of 10.57, a PEG ratio of 0.72 and a beta of 1.80. The company’s fifty day moving average price is $67.01 and its 200-day moving average price is $67.26. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $73.08.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.63 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc will post 7.53 EPS for the current year.

C has been the subject of several recent research reports. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Morgan Stanley set a $78.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Monday. Finally, Bank of America lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $79.73.

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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