Bleakley Financial Group LLC Sells 8,509 Shares of Citigroup Inc. (NYSE:C)

Bleakley Financial Group LLC lowered its stake in Citigroup Inc. (NYSE:C) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,395 shares of the company’s stock after selling 8,509 shares during the quarter. Bleakley Financial Group LLC’s holdings in Citigroup were worth $1,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of C. Price T Rowe Associates Inc. MD increased its holdings in shares of Citigroup by 123.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after purchasing an additional 17,525,484 shares during the last quarter. Swedbank AB bought a new position in shares of Citigroup in the first quarter worth about $253,286,000. Acadian Asset Management LLC lifted its holdings in shares of Citigroup by 527.5% in the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Caxton Associates LP raised its holdings in Citigroup by 7,393.3% in the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock valued at $127,453,000 after buying an additional 1,988,494 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Citigroup by 1,749.2% in the 1st quarter. DAVENPORT & Co LLC now owns 1,314,323 shares of the company’s stock valued at $82,985,000 after buying an additional 1,243,249 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.8 %

Shares of NYSE:C opened at $62.85 on Monday. Citigroup Inc. has a 12-month low of $38.17 and a 12-month high of $67.81. The stock has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $61.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $119.88 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.74 and a beta of 1.44.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, research analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Oppenheimer decreased their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets increased their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Argus increased their target price on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.