Advisors Asset Management Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 58.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,618 shares of the financial services provider’s stock after acquiring an additional 8,015 shares during the quarter. Advisors Asset Management Inc.’s holdings in Citigroup were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of C. Endurance Wealth Management Inc. increased its holdings in Citigroup by 0.3% in the first quarter. Endurance Wealth Management Inc. now owns 9,837 shares of the financial services provider’s stock valued at $588,000 after buying an additional 25 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after buying an additional 40 shares during the last quarter. Regal Investment Advisors LLC increased its holdings in Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after buying an additional 74 shares during the last quarter. Davis R M Inc. increased its holdings in Citigroup by 2.2% in the second quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after buying an additional 92 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Citigroup by 2.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,425 shares of the financial services provider’s stock valued at $265,000 after buying an additional 93 shares during the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citigroup Inc. (C) opened at 75.72 on Friday. The company has a 50-day moving average of $69.52 and a 200-day moving average of $64.65. Citigroup Inc. has a 12 month low of $47.54 and a 12 month high of $75.93. The firm has a market cap of $206.30 billion, a P/E ratio of 15.16 and a beta of 1.45.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $17.90 billion during the quarter, compared to analyst estimates of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. Citigroup’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Equities analysts forecast that Citigroup Inc. will post $5.21 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to repurchase $15.60 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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Several research firms recently commented on C. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $71.43.

In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at approximately $3,889,494.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $67.55, for a total transaction of $2,702,000.00. Following the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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