Citigroup Inc. (C): Institutional Investors Don’t Hold All The Cards

Citigroup Inc. (NYSE:C) has made a -2.86% comeback from a 12-month low price of $51.72. It was seen -3.88% lower, changing the price to $50.24, when the closing bell rang on 12/21/2018. At recent session, the prices were hovering between $49.88 and $52.56. This company shares are 67.42% off its target price of $84.11 and the current market capitalization stands at $124.37B. The recent change has given its price a -20.93% deficit over SMA 50 and -37.74% deficit over its 52-week high. The stock witnessed -19.65% declines, -32.25% declines and -25.24% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found C’s volatility during a week at 4.43% and during a month it has been found around 3.25%.

Citigroup Inc. (C) Top Holders

Institutional investors currently hold around $96.23 billion or 79.6% in C stock. Look at its top three institutional owners. Vanguard Group Inc owns $9.02 billion in Citigroup Inc., which represents roughly 7.25% of the company’s market cap and approximately 9.38% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 177,564,297 shares of the stock are valued at $8.92 billion. The third largest holder is State Street Corp, which currently holds $5.65 billion worth of this stock and that ownership represents nearly 4.54% of its market capitalization.

Citigroup Inc. 13F Filings

At the end of September reporting period, 734 institutional holders increased their position in Citigroup Inc. (NYSE:C) by some 60,127,058 shares, 754 decreased positions by 123,802,038 and 217 held positions by 1,732,000,000. That puts total institutional holdings at 1,915,000,000 shares, according to SEC filings. The stock grabbed 121 new institutional investments totaling 13,548,965 shares while 84 institutional investors sold out their entire positions totaling 4,861,944 shares.

Citigroup Inc. (NYSE:C) Insider Trades

Multiple company employees have indulged in significant insider trading. Citigroup Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, Asia Pacific Aristeguieta Francisco has sold 15,000 shares of Citigroup Inc. (C) in trading session dated Aug. 08, 2018. These shares are worth $1,085,400 and were traded at $72.36 each. The SEC filing shows that Akram Raja performed a sale of 500 shares. The Controller &Chief Acc. Officer disposed these shares by way of transaction on Jul. 19, 2018. The company’s shares were given away at $69.21 per share worth to an income of some $34,605 on account of Akram Raja.

CFO, Gerspach John C, sold 12,966 common shares of Citigroup Inc. (C) in the open market. In a transaction dated May. 16, 2018, the shares were put up for sale at an average price of $72.31, raking in a sum of $937,571. After this sale, 370,094 common shares of C are directly owned by the insider, with total stake valued at $18,593,523.

In the transaction dated Feb. 27, 2018, the great number of shares disposed came courtesy the President; Forese James A. disposed a total of 6,466 shares at an average price of $77.43, amounting to approximately $500,662. The insider now directly owns 530,826 shares worth $26,668,698.

Citigroup Inc. (C) Analyst Guide

Several analysts have released their opinion on Citigroup Inc. (NYSE:C), with 12 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 10 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.9 average brokerage recommendation.