Cambiar Investors LLC Has $56,532,000 Position in Citigroup Inc. (C)
Cambiar Investors LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,333,614 shares of the financial services provider’s stock after selling 53,505 shares during the period. Cambiar Investors LLC’s holdings in Citigroup were worth $56,532,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. NN Investment Partners Holdings N.V. purchased a new stake in Citigroup during the first quarter valued at about $199,573,000. Orbis Allan Gray Ltd purchased a new stake in Citigroup during the first quarter valued at about $181,532,000. Prudential Financial Inc. boosted its stake in Citigroup by 73.6% in the first quarter. Prudential Financial Inc. now owns 9,425,364 shares of the financial services provider’s stock valued at $393,510,000 after buying an additional 3,995,730 shares during the last quarter. Hexavest Inc. purchased a new stake in Citigroup during the second quarter valued at about $85,848,000. Finally, Institutional Capital LLC boosted its stake in Citigroup by 26.3% in the first quarter. Institutional Capital LLC now owns 7,652,765 shares of the financial services provider’s stock valued at $319,503,000 after buying an additional 1,591,228 shares during the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) traded down 0.42% during midday trading on Monday, reaching $47.03. 13,819,786 shares of the company were exchanged. Citigroup Inc. has a 52-week low of $34.52 and a 52-week high of $56.46. The stock’s 50-day moving average price is $46.92 and its 200-day moving average price is $44.71. The company has a market capitalization of $136.64 billion, a PE ratio of 9.95 and a beta of 1.86.
Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. Analysts anticipate that Citigroup Inc. will post $4.61 EPS for the current year.
C has been the topic of several research analyst reports. Deutsche Bank AG reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, June 15th. Zacks Investment Research cut Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Buckingham Research reiterated a “buy” rating on shares of Citigroup in a report on Tuesday, June 21st. Vetr cut Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price objective on the stock. in a report on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $63.00 target price (down from $70.00) on shares of Citigroup in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.39.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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