Citigroup Inc (NYSE:C) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its position in shares of Citigroup Inc (NYSE:C) by 22.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 9,056 shares of the financial services provider’s stock after selling 2,559 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Citigroup were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. Wealth Quarterback LLC acquired a new stake in Citigroup during the 4th quarter worth about $17,296,742,000. Norges Bank acquired a new stake in Citigroup during the 4th quarter worth about $2,180,333,000. Public Investment Fund acquired a new stake in Citigroup during the 1st quarter worth about $521,979,000. Sanders Capital LLC lifted its position in Citigroup by 58.9% during the 1st quarter. Sanders Capital LLC now owns 12,920,584 shares of the financial services provider’s stock worth $629,393,000 after acquiring an additional 4,791,539 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Citigroup by 78.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,545,254 shares of the financial services provider’s stock valued at $191,446,000 after buying an additional 2,003,093 shares during the last quarter. 77.29% of the stock is owned by institutional investors.

Shares of C stock opened at $52.24 on Tuesday. The stock’s fifty day moving average is $51.86 and its two-hundred day moving average is $58.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $109.61 billion, a P/E ratio of 7.24, a PEG ratio of 1.54 and a beta of 1.82. Citigroup Inc has a fifty-two week low of $32.00 and a fifty-two week high of $83.11.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.16. The company had revenue of $20.73 billion for the quarter, compared to analyst estimates of $18.98 billion. Citigroup had a return on equity of 9.15% and a net margin of 16.56%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. On average, equities analysts forecast that Citigroup Inc will post 3.25 earnings per share for the current year.

C has been the subject of a number of recent research reports. Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Credit Suisse Group reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Sunday, April 19th. Morgan Stanley lifted their price objective on Citigroup from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Piper Sandler reduced their price objective on Citigroup from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday, April 3rd. Finally, ValuEngine upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $73.85.

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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