Public Employees Retirement Association of Colorado cut its stake in shares of Citigroup Inc. (NYSE:C) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 612,113 shares of the financial services provider’s stock after selling 44,577 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Citigroup were worth $25,947,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Kiltearn Partners LLP raised its position in Citigroup by 25.3% in the first quarter. Kiltearn Partners LLP now owns 4,382,011 shares of the financial services provider’s stock valued at $182,949,000 after buying an additional 885,600 shares in the last quarter. BB&T Securities LLC raised its position in Citigroup by 2.0% in the first quarter. BB&T Securities LLC now owns 93,988 shares of the financial services provider’s stock valued at $3,923,000 after buying an additional 1,887 shares in the last quarter. Investec Asset Management North America Inc. raised its position in Citigroup by 9.9% in the first quarter. Investec Asset Management North America Inc. now owns 200,464 shares of the financial services provider’s stock valued at $8,369,000 after buying an additional 18,008 shares in the last quarter. Investec Asset Management LTD raised its position in Citigroup by 0.6% in the first quarter. Investec Asset Management LTD now owns 10,649,565 shares of the financial services provider’s stock valued at $444,619,000 after buying an additional 68,175 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Citigroup by 2.7% in the first quarter. Bessemer Group Inc. now owns 2,520,044 shares of the financial services provider’s stock valued at $105,212,000 after buying an additional 66,159 shares in the last quarter. Institutional investors own 71.41% of the company’s stock.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Citigroup Inc. (NYSE:C) traded down 1.49% on Tuesday, reaching $48.81. The company had a trading volume of 11,942,832 shares. The stock has a market capitalization of $141.81 billion, a price-to-earnings ratio of 10.33 and a beta of 1.86. The firm has a 50 day moving average price of $47.26 and a 200-day moving average price of $44.93. Citigroup Inc. has a 12 month low of $34.52 and a 12 month high of $56.46.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The firm earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. During the same period last year, the firm posted $1.45 EPS. The business’s revenue was down 9.9% on a year-over-year basis. Analysts forecast that Citigroup Inc. will post $4.61 earnings per share for the current fiscal year.

Several research firms recently commented on C. Vetr lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price target on the stock. in a research report on Monday, June 27th. Buckingham Research reaffirmed a “buy” rating on shares of Citigroup in a research report on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Sunday, July 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Citigroup in a research report on Saturday, July 9th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Citigroup in a research report on Sunday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $54.74.

In related news, insider Joseph Michael Murray sold 8,122 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the sale, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.

5 Day Chart for NYSE:C

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