Murphy Pohlad Asset Management LLC Buys 435 Shares of Citigroup Inc. (C)
Murphy Pohlad Asset Management LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 50,430 shares of the financial services provider’s stock after purchasing an additional 435 shares during the period. Citigroup accounts for about 2.5% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Citigroup were worth $3,372,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in C. Waldron LP grew its holdings in Citigroup by 21.2% during the first quarter. Waldron LP now owns 7,301 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 1,276 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in Citigroup by 11.0% during the first quarter. Bbva Compass Bancshares Inc. now owns 186,156 shares of the financial services provider’s stock valued at $11,136,000 after purchasing an additional 18,446 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Citigroup by 38.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,379,119 shares of the financial services provider’s stock valued at $83,795,000 after purchasing an additional 379,783 shares during the period. Grisanti Capital Management LLC grew its holdings in Citigroup by 76.5% during the first quarter. Grisanti Capital Management LLC now owns 251,712 shares of the financial services provider’s stock valued at $15,057,000 after purchasing an additional 109,112 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Citigroup by 163.8% during the first quarter. Daiwa Securities Group Inc. now owns 383,023 shares of the financial services provider’s stock valued at $22,913,000 after purchasing an additional 237,820 shares during the period. 75.37% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on C shares. Credit Suisse Group reissued an “outperform” rating and set a $76.00 price target (up previously from $70.00) on shares of Citigroup in a report on Wednesday, July 26th. BidaskClub lowered Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Wells Fargo & Company reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Deutsche Bank AG reissued a “hold” rating on shares of Citigroup in a report on Monday, July 3rd. Finally, HSBC Holdings plc started coverage on Citigroup in a report on Tuesday, July 11th. They set a “hold” rating and a $71.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.65.
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Shares of Citigroup Inc. (NYSE C) opened at 75.64 on Monday. The stock has a market capitalization of $206.09 billion, a P/E ratio of 15.14 and a beta of 1.45. The firm’s 50-day moving average price is $69.77 and its 200-day moving average price is $64.77. Citigroup Inc. has a 12 month low of $47.54 and a 12 month high of $76.02.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.07. The business had revenue of $17.90 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. On average, equities research analysts forecast that Citigroup Inc. will post $5.21 EPS for the current year.
Citigroup declared that its board has approved a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $15.60 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
In related news, insider Jeffrey R. Walsh sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total value of $344,850.00. Following the transaction, the insider now directly owns 56,394 shares in the company, valued at $3,889,494.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francisco Aristeguieta sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the transaction, the chief executive officer now owns 77,570 shares in the company, 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 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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