Intellectus Partners LLC Has $1.20 Million Position in Citigroup Inc (NYSE:C)

Intellectus Partners LLC lowered its stake in Citigroup Inc (NYSE:C) by 7.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,368 shares of the financial services provider’s stock after selling 1,341 shares during the period. Intellectus Partners LLC’s holdings in Citigroup were worth $1,200,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its holdings in Citigroup by 103.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,389 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 2,228 shares during the period. Icon Wealth Partners LLC grew its holdings in Citigroup by 11.2% during the 2nd quarter. Icon Wealth Partners LLC now owns 5,714 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 576 shares during the period. Advisor Partners LLC grew its holdings in Citigroup by 8.2% during the 2nd quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock worth $5,506,000 after acquiring an additional 5,980 shares during the period. Sanders Morris Harris LLC acquired a new stake in Citigroup during the 2nd quarter worth $514,000. Finally, Clearstead Advisors LLC grew its holdings in Citigroup by 43.7% during the 2nd quarter. Clearstead Advisors LLC now owns 8,747 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 2,661 shares during the period. 76.66% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on C. Bank of America lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. BMO Capital Markets lowered shares of Citigroup to a “hold” rating in a report on Friday, July 26th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Monday. UBS Group boosted their price target on shares of Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays boosted their price target on shares of Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.73.

In related news, insider Michael Whitaker sold 7,500 shares of the business’s stock in a transaction 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 approximately $5,821,391.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Shares of C stock traded up $1.82 on Friday, hitting $70.45. The stock had a trading volume of 3,570,502 shares, compared to its average volume of 12,621,599. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $73.08. The firm has a market cap of $155.02 billion, a P/E ratio of 10.59, a PEG ratio of 0.72 and a beta of 1.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $67.26.

Citigroup (NYSE:C) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The company had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. On average, analysts expect that Citigroup Inc will post 7.53 earnings per share for the current year.

About Citigroup

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).

See Also: Retained Earnings

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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