Wells Fargo & Co (NYSE:WFC) Holdings Lessened by Quantum Capital Management

Quantum Capital Management trimmed its position in Wells Fargo & Co (NYSE:WFC) by 24.3% in the fourth quarter, according to its most recent 13F …

Wells Fargo & Co logoQuantum Capital Management trimmed its position in Wells Fargo & Co (NYSE:WFC) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,209 shares of the financial services provider’s stock after selling 5,855 shares during the quarter. Quantum Capital Management’s holdings in Wells Fargo & Co were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors increased its holdings in Wells Fargo & Co by 270.1% in the third quarter. Capital International Investors now owns 89,775,252 shares of the financial services provider’s stock valued at $4,718,587,000 after purchasing an additional 65,517,025 shares during the period. Primecap Management Co. CA grew its holdings in Wells Fargo & Co by 47.1% during the 3rd quarter. Primecap Management Co. CA now owns 38,512,187 shares of the financial services provider’s stock worth $2,024,201,000 after acquiring an additional 12,337,098 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Wells Fargo & Co by 4,415.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,790,126 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 21,307,608 shares during the period. Sanders Capital LLC grew its holdings in Wells Fargo & Co by 1.2% during the 4th quarter. Sanders Capital LLC now owns 15,820,838 shares of the financial services provider’s stock worth $808,166,000 after acquiring an additional 180,608 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Wells Fargo & Co by 5.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 15,545,982 shares of the financial services provider’s stock worth $817,097,000 after purchasing an additional 839,794 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

NYSE WFC traded down $0.39 during trading hours on Friday, reaching $48.79. The company had a trading volume of 5,501,093 shares, compared to its average volume of 25,350,848. The stock has a market capitalization of $238.33 billion, a P/E ratio of 11.14, a PEG ratio of 0.89 and a beta of 1.11. Wells Fargo & Co has a 1-year low of $43.02 and a 1-year high of $59.53. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.88 and a quick ratio of 0.87.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. Wells Fargo & Co had a net margin of 22.95% and a return on equity of 13.34%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.80 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. As a group, analysts anticipate that Wells Fargo & Co will post 4.94 EPS for the current year.

WFC has been the topic of several recent research reports. Deutsche Bank cut shares of Wells Fargo & Co from a “buy” rating to a “hold” rating and dropped their price target for the company from $56.00 to $54.00 in a research report on Friday, March 29th. ValuEngine upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Zacks Investment Research downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Raymond James raised shares of Wells Fargo & Co from an “underperform” rating to a “market perform” rating and set a $50.08 price objective for the company in a report on Friday, March 29th. Finally, Credit Suisse Group lowered their price target on shares of Wells Fargo & Co from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.67.

ILLEGAL ACTIVITY WARNING: “Wells Fargo & Co (NYSE:WFC) Holdings Lessened by Quantum Capital Management” was first published by PressOracle and is the property of of PressOracle. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://pressoracle.com/news/2019/04/05/quantum-capital-management-sells-5855-shares-of-wells-fargo-co-wfc.html.

Wells Fargo & Co Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company’s Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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Wells Fargo & Co (WFC) Position Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its stake in shares of Wells Fargo & Co (NYSE:WFC) by 63.8% during the fourth quarter, according to its most …

Wells Fargo & Co logoAcadian Asset Management LLC lifted its stake in shares of Wells Fargo & Co (NYSE:WFC) by 63.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,210 shares of the financial services provider’s stock after acquiring an additional 39,429 shares during the quarter. Acadian Asset Management LLC’s holdings in Wells Fargo & Co were worth $4,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WFC. Capital International Investors increased its stake in shares of Wells Fargo & Co by 270.1% during the third quarter. Capital International Investors now owns 89,775,252 shares of the financial services provider’s stock valued at $4,718,587,000 after acquiring an additional 65,517,025 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Wells Fargo & Co by 4,415.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,790,126 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 21,307,608 shares during the period. Primecap Management Co. CA increased its stake in shares of Wells Fargo & Co by 47.1% during the third quarter. Primecap Management Co. CA now owns 38,512,187 shares of the financial services provider’s stock valued at $2,024,201,000 after acquiring an additional 12,337,098 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Wells Fargo & Co by 1,283.4% during the third quarter. OppenheimerFunds Inc. now owns 3,087,235 shares of the financial services provider’s stock valued at $162,264,000 after acquiring an additional 2,864,065 shares during the period. Finally, Magnolia Group LLC increased its stake in shares of Wells Fargo & Co by 82.4% during the fourth quarter. Magnolia Group LLC now owns 4,114,450 shares of the financial services provider’s stock valued at $189,594,000 after acquiring an additional 1,858,550 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wells Fargo & Co stock opened at $48.32 on Monday. Wells Fargo & Co has a 1 year low of $43.02 and a 1 year high of $59.53. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $235.69 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.04. Wells Fargo & Co had a net margin of 22.95% and a return on equity of 13.34%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.80 billion. During the same period in the previous year, the company posted $1.16 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Sell-side analysts predict that Wells Fargo & Co will post 4.96 earnings per share for the current year.

A number of research analysts recently commented on WFC shares. Robert W. Baird reiterated a “buy” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research note on Wednesday, January 2nd. Keefe, Bruyette & Woods lowered shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note on Sunday. Zacks Investment Research lowered shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Deutsche Bank lowered shares of Wells Fargo & Co from a “buy” rating to a “hold” rating and decreased their price target for the stock from $56.00 to $54.00 in a research report on Friday. Finally, Wolfe Research lowered shares of Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $60.35.

TRADEMARK VIOLATION WARNING: “Wells Fargo & Co (WFC) Position Lifted by Acadian Asset Management LLC” was posted by PressOracle and is the property of of PressOracle. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://pressoracle.com/news/2019/04/01/acadian-asset-management-llc-buys-39429-shares-of-wells-fargo-co-wfc.html.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company’s Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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Institutional Ownership by Quarter for Wells Fargo & Co (NYSE:WFC)

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Wright Investors Service Raised Its Wells Fargo Co New (WFC) Holding by $908270; Share Value …

Some Historical C News: 04/04/2018 – Brian Friedman, President of Leucadia National Corporation, and Bonnie Howard, Former Chief Auditor of …

Citigroup Inc. (NYSE:C) Logo

Hollow Brook Wealth Management Llc decreased its stake in Citigroup Inc (C) by 85.88% based on its latest 2018Q4 regulatory filing with the SEC. Hollow Brook Wealth Management Llc sold 71,967 shares as the company’s stock declined 2.79% while stock markets rallied. The institutional investor held 11,831 shares of the major banks company at the end of 2018Q4, valued at $616,000, down from 83,798 at the end of the previous reported quarter. Hollow Brook Wealth Management Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $152.58 billion market cap company. The stock increased 1.68% or $1.08 during the last trading session, reaching $65.19. About 37.84M shares traded or 94.51% up from the average. Citigroup Inc. (NYSE:C) has declined 13.45% since March 18, 2018 and is downtrending. It has underperformed by 17.82% the S&P500. Some Historical C News: 04/04/2018 – Brian Friedman, President of Leucadia National Corporation, and Bonnie Howard, Former Chief Auditor of Citigroup, appointed to leadership positions on the Board of Directors of STRIVE International; 03/05/2018 – WAYFAIR INC W.N : CITIGROUP RAISES TARGET PRICE TO $82 FROM $78; 28/03/2018 – VARROC ENGINEERING – BOOK RUNNING LEAD MANAGERS TO IPO ARE KOTAK MAHINDRA CAPITAL, CITIGROUP GLOBAL MARKETS INDIA, CREDIT SUISSE SECURITIES (INDIA), IIFL; 29/03/2018 – Dasha Afanasieva: AMC is working with Citi on potential $2 billion float of Odeon cinemas; 25/05/2018 – U.K. LONG-TERM CPI EXPECTATIONS RISE TO 3.2%: CITIGROUP; 01/05/2018 – CITIGROUP’S KALVARIA SAYS THERE’S MORE POTENTIAL FOR CASH SALES; 08/05/2018 – LivePerson launches conversational commerce partner program for solution providers serving SMBs; 21/05/2018 – Citi Retail And Sears To Extend Co-brand, Private Label Credit Card Agreement — MarketWatch; 07/05/2018 – Citigroup Is Targeted by Activist Investor ValueAct in a Rare Move on a Major U.S. Bank — 3rd Update; 20/04/2018 – FACEBOOK: CITI CUTS RANKING PARTLY ON CONCERNS ABOUT INVESTORS REACTION TO MARGIN PRESSURE FROM HEIGHTENED EXPENSE GROWTH, MIX SHIFT TO VIDEO ADVERTISING

Wright Investors Service Inc increased its stake in Wells Fargo Co New (WFC) by 68.24% based on its latest 2018Q4 regulatory filing with the SEC. Wright Investors Service Inc bought 19,745 shares as the company’s stock declined 7.80% while stock markets rallied. The institutional investor held 48,678 shares of the major banks company at the end of 2018Q4, valued at $2.24 million, up from 28,933 at the end of the previous reported quarter. Wright Investors Service Inc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $230.10 billion market cap company. The stock increased 0.62% or $0.31 during the last trading session, reaching $50.66. About 46.12 million shares traded or 112.55% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 12.56% since March 18, 2018 and is downtrending. It has underperformed by 16.93% the S&P500. Some Historical WFC News: 05/03/2018 – Gibraltar Business Capital Joins Hercules Capital as New Portfolio Company; 08/05/2018 – CITIGROUP IS NO LONGER `TOO-BIG-TO-ENGAGE,’ WELLS FARGO SAYS; 20/04/2018 – Wells Fargo to Pay $1 Billion to Settle Risk Management Claims — 5th Update; 04/05/2018 – WELLS FARGO REACHES PACT IN PRINCIPLE TO RESOLVE CONSOLIDATED S; 24/04/2018 – KPMG avoids shareholder revolt over Wells Fargo audit role; 04/05/2018 – Wells Fargo Settles Securities Fraud Class Action for $480 Million–Update; 09/04/2018 – Caren Bohan: Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses; 13/04/2018 – Wells Fargo beats 1Q profit expectations but still faces big regulatory settlement; 06/04/2018 – ISS ALSO RECOMMENDS WELLS FARGO SHAREHOLDERS VOTE AGAINST REFORM EXECUTIVE COMPENSATION POLICY WITH SOCIAL RESPONSIBILITY; 15/05/2018 – APPALOOSA LP – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “Get Paid While You Wait: 3 Top Dividend Stocks in Banking – Motley Fool” on February 21, 2019, also Bizjournals.com with their article: “Evolving VertueLab nets $70K grant – Portland Business Journal” published on March 08, 2019, Investorplace.com published: “3 Reasons JP Morgan Is a Solid Blue-Chip Play – Investorplace.com” on March 15, 2019. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Benzinga.com and their article: “Moody’s: Leveraged Loan Market Creating Risks For US Banks (NYSE:WFC)(NYSE:GS)(NYSE:BAC) – Benzinga” published on February 20, 2019 as well as Investorplace.com‘s news article titled: “5 Stocks That The Smart Money Likes – Investorplace.com” with publication date: February 21, 2019.

Wright Investors Service Inc, which manages about $1.36B and $233.42 million US Long portfolio, decreased its stake in S&P Global Inc by 2,409 shares to 2,922 shares, valued at $497,000 in 2018Q4, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 11,337 shares in the quarter, leaving it with 184,264 shares, and cut its stake in Us Bancorp Del (NYSE:USB).

Investors sentiment decreased to 0.53 in 2018 Q4. Its down 0.25, from 0.78 in 2018Q3. It fall, as 101 investors sold WFC shares while 748 reduced holdings. 113 funds opened positions while 337 raised stakes. 3.41 billion shares or 1.32% less from 3.46 billion shares in 2018Q3 were reported. Wright Ser holds 0.96% or 48,678 shares. Warren Averett Asset Mngmt Limited Liability has invested 0.04% in Wells Fargo & Company (NYSE:WFC). Nordea Invest Mgmt Ab owns 3.85 million shares. Bank holds 0.72% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1.22M shares. Loeb Corp has 0% invested in Wells Fargo & Company (NYSE:WFC). Private Management Group Inc Inc has 240,260 shares for 0.61% of their portfolio. Richard Bernstein Limited Liability Company owns 223,807 shares or 0.38% of their US portfolio. First Republic Invest Management invested in 700,766 shares or 0.2% of the stock. West Oak Capital Limited Liability Com reported 2,750 shares. Kansas-based Mariner Lc has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Diligent Investors Ltd Company accumulated 4,799 shares. Envestnet Asset Management accumulated 1.35M shares or 0.1% of the stock. Northstar Advisors Ltd Liability Co holds 0.11% or 10,492 shares. Edgemoor Investment Advsr holds 0.05% or 7,482 shares in its portfolio. Birch Hill Advsrs reported 102,435 shares.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on April, 12. They expect $1.83 EPS, up 8.93% or $0.15 from last year’s $1.68 per share. C’s profit will be $4.28B for 8.91 P/E if the $1.83 EPS becomes a reality. After $1.61 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 13.66% EPS growth.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Investorplace.com which released: “3 Reasons JP Morgan Is a Solid Blue-Chip Play – Investorplace.com” on March 15, 2019, also Seekingalpha.com with their article: “Citigroup: The Only Big Bank I Wouldn’t Buy – Seeking Alpha” published on March 12, 2019, Seekingalpha.com published: “Citigroup sees corporate banking picking up, CFO says – Seeking Alpha” on March 12, 2019. More interesting news about Citigroup Inc. (NYSE:C) were released by: Investorplace.com and their article: “It Was a Costco Christmas Last Year – Investorplace.com” published on March 15, 2019 as well as 247Wallst.com‘s news article titled: “5 Stocks to Buy Now That Low-Turnover Hedge Funds Love – 24/7 Wall St.” with publication date: March 04, 2019.

Since February 13, 2019, it had 0 insider buys, and 2 selling transactions for $791,051 activity. Hu W. Bradford had sold 5,420 shares worth $348,343 on Thursday, February 14.

Investors sentiment decreased to 0.66 in Q4 2018. Its down 0.36, from 1.02 in 2018Q3. It dived, as 130 investors sold C shares while 533 reduced holdings. 112 funds opened positions while 325 raised stakes. 1.78 billion shares or 0.99% less from 1.80 billion shares in 2018Q3 were reported. Evercore Wealth Ltd has 24,398 shares for 0.05% of their portfolio. Moreover, River And Mercantile Asset Mngmt Llp has 11.99% invested in Citigroup Inc. (NYSE:C) for 2.66M shares. Endurance Wealth Management has 0.1% invested in Citigroup Inc. (NYSE:C). At Bankshares accumulated 47,863 shares. Bsw Wealth Ptnrs owns 7,732 shares or 0.15% of their US portfolio. Commercial Bank reported 109,450 shares stake. Azimuth Cap Ltd Liability Com reported 70,268 shares or 0.28% of all its holdings. Oxbow Lc holds 54,021 shares or 0.38% of its portfolio. Karp Capital Mngmt has invested 0% of its portfolio in Citigroup Inc. (NYSE:C). Tillar holds 27,513 shares. Kistler reported 8,997 shares. Nuveen Asset Mngmt Ltd Liability has 0.25% invested in Citigroup Inc. (NYSE:C). Carnegie Capital Asset Mngmt Lc reported 25,636 shares. Atria Investments, a North Carolina-based fund reported 16,020 shares. Moreover, White Elm Capital Ltd Liability Company has 3.39% invested in Citigroup Inc. (NYSE:C) for 233,930 shares.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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Citigroup Inc (C) Stake Lowered by BlackRock Inc.

BlackRock Inc. cut its stake in Citigroup Inc (NYSE:C) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and …

Citigroup logoBlackRock Inc. cut its stake in Citigroup Inc (NYSE:C) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,569,709 shares of the financial services provider’s stock after selling 5,005,388 shares during the period. BlackRock Inc. owned approximately 6.71% of Citigroup worth $8,983,980,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northeast Financial Consultants Inc acquired a new position in Citigroup in the 3rd quarter valued at approximately $545,000. ValueAct Holdings L.P. increased its stake in Citigroup by 4.2% in the 3rd quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock valued at $1,881,417,000 after buying an additional 1,050,000 shares during the period. Rampart Investment Management Company LLC increased its stake in Citigroup by 56.0% in the 3rd quarter. Rampart Investment Management Company LLC now owns 68,862 shares of the financial services provider’s stock valued at $1,832,768,000 after buying an additional 24,716 shares during the period. Trinity Street Asset Management LLP increased its stake in Citigroup by 0.7% in the 4th quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock valued at $21,856,000 after buying an additional 2,924 shares during the period. Finally, Stillwater Investment Management LLC increased its stake in Citigroup by 0.7% in the 4th quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock valued at $1,545,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.

Several brokerages have recently commented on C. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, November 29th. Jefferies Financial Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and raised their target price for the company from $64.00 to $73.00 in a research note on Friday, February 22nd. TheStreet upgraded shares of Citigroup from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Standpoint Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 target price on shares of Citigroup in a research note on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $77.33.

In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Whitaker sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

C stock opened at $63.65 on Thursday. The stock has a market capitalization of $161.43 billion, a PE ratio of 9.57, a P/E/G ratio of 0.79 and a beta of 1.68. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.29.

Citigroup (NYSE:C) last posted its earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, analysts anticipate that Citigroup Inc will post 7.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.83%. Citigroup’s dividend payout ratio (DPR) is presently 27.07%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/03/14/citigroup-inc-c-position-reduced-by-blackrock-inc.html.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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Commonwealth Equity Services LLC Has $14.95 Million Holdings in Citigroup Inc (C)

The firm owned 287,127 shares of the financial services provider’s stock after selling 19,862 shares during the quarter. Commonwealth Equity …

Citigroup logoCommonwealth Equity Services LLC lowered its position in Citigroup Inc (NYSE:C) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,127 shares of the financial services provider’s stock after selling 19,862 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Citigroup were worth $14,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in C. Condor Capital Management boosted its holdings in Citigroup by 0.5% during the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock worth $1,651,000 after buying an additional 164 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in Citigroup by 0.4% during the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock worth $2,080,000 after buying an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Citigroup by 7.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock worth $146,000 after buying an additional 197 shares in the last quarter. Highstreet Asset Management Inc. boosted its holdings in Citigroup by 1.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock worth $557,000 after buying an additional 200 shares in the last quarter. Finally, Stillwater Investment Management LLC boosted its holdings in Citigroup by 0.7% during the fourth quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock worth $1,545,000 after buying an additional 204 shares in the last quarter. Institutional investors own 71.25% of the company’s stock.

In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Citigroup stock opened at $62.31 on Tuesday. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $76.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 1.00. The company has a market capitalization of $159.50 billion, a P/E ratio of 9.37, a PEG ratio of 0.81 and a beta of 1.67.

Citigroup (NYSE:C) last posted its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that Citigroup Inc will post 7.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Monday, February 4th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 2.89%. Citigroup’s payout ratio is 27.07%.

A number of analysts recently weighed in on C shares. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Credit Suisse Group reduced their target price on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, December 7th. TheStreet cut shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, December 11th. Standpoint Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective for the company in a research note on Wednesday, December 26th. Finally, Barclays decreased their price objective on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $77.33.

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Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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