Today: The Citigroup Inc. (C) is Jackson Park Capital LLC’s 5th Largest Position

The Citigroup Inc. (C) is Jackson Park Capital LLC’s 5th Largest Position

Jackson Park Capital LLC boosted its stake in Citigroup Inc. (NYSE:C) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the period. Citigroup accounts for about 4.4% of Jackson Park Capital LLC’s portfolio, making the stock its 5th largest position. Jackson Park Capital LLC’s holdings in Citigroup were worth $3,179,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in C. Benchmark Capital Advisors increased its stake in Citigroup by 22.5% in the first quarter. Benchmark Capital Advisors now owns 53,970 shares of the financial services provider’s stock valued at $2,253,000 after buying an additional 9,900 shares in the last quarter. Columbia Partners L L C Investment Management increased its stake in Citigroup by 29.6% in the first quarter. Columbia Partners L L C Investment Management now owns 28,267 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 6,460 shares in the last quarter. Clarius Group LLC increased its stake in Citigroup by 123.2% in the first quarter. Clarius Group LLC now owns 11,537 shares of the financial services provider’s stock valued at $481,000 after buying an additional 6,369 shares in the last quarter. Institutional Capital LLC increased its stake in Citigroup by 26.3% in the first quarter. Institutional Capital LLC now owns 7,652,765 shares of the financial services provider’s stock valued at $319,503,000 after buying an additional 1,591,228 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Citigroup by 0.8% in the first quarter. Franklin Resources Inc. now owns 35,703,059 shares of the financial services provider’s stock valued at $1,490,610,000 after buying an additional 298,561 shares in the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.

Citigroup Inc. (NYSE:C) traded up 0.65% on Friday, hitting $49.39. 13,014,967 shares of the company traded hands. The stock has a market cap of $143.50 billion, a PE ratio of 10.45 and a beta of 1.86. Citigroup Inc. has a 12 month low of $34.52 and a 12 month high of $56.46. The stock’s 50-day moving average is $47.09 and its 200 day moving average is $44.80.

Citigroup (NYSE:C) last announced its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. Equities research analysts expect that Citigroup Inc. will post $4.61 earnings per share for the current fiscal year.

A number of brokerages recently commented on C. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $63.00 price target (down from $70.00) on shares of Citigroup in a report on Wednesday, July 6th. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price target on the stock. in a report on Monday, June 27th. Societe Generale lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, August 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $65.00 price target on shares of Citigroup in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.39.

In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of Citigroup stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now owns 35,042 shares in the company, valued at $1,554,112.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

About Citigroup

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.

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