Abner Herrman & Brock LLC Has $1.78 Million Stock Holdings in Citigroup Inc (NYSE:C)

Abner Herrman & Brock LLC lessened its stake in shares of Citigroup Inc (NYSE:C) by 76.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,695 shares of the financial services provider’s stock after selling 82,217 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Citigroup were worth $1,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its holdings in shares of Citigroup by 103.1% in the first quarter. Rehmann Capital Advisory Group now owns 4,389 shares of the financial services provider’s stock worth $273,000 after buying an additional 2,228 shares in the last quarter. Icon Wealth Partners LLC grew its position in Citigroup by 11.2% during the second quarter. Icon Wealth Partners LLC now owns 5,714 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 576 shares during the last quarter. Advisor Partners LLC grew its position in Citigroup by 8.2% during the second quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock valued at $5,506,000 after acquiring an additional 5,980 shares during the last quarter. Sanders Morris Harris LLC bought a new position in Citigroup during the second quarter valued at approximately $514,000. Finally, Clearstead Advisors LLC grew its position in Citigroup by 43.7% during the second quarter. Clearstead Advisors LLC now owns 8,747 shares of the financial services provider’s stock valued at $613,000 after acquiring an additional 2,661 shares during the last quarter. Institutional investors own 76.66% of the company’s stock.

In related news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now directly owns 93,848 shares in the company, valued at approximately $5,821,391.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

A number of brokerages have commented on C. Bank of America cut shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Monday. Morgan Stanley set a $78.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays raised their target price on shares of Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets cut shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $79.73.

Shares of C traded up $1.75 during trading hours on Friday, hitting $70.37. The company had a trading volume of 738,875 shares, compared to its average volume of 12,621,599. The firm has a fifty day moving average price of $67.01 and a 200-day moving average price of $67.26. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $155.02 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.72 and a beta of 1.80. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $73.08.

Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. The firm had revenue of $18.76 billion during the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. Citigroup’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Research analysts anticipate that Citigroup Inc will post 7.53 earnings per share for the current fiscal year.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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