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Parkside Investments LLC Trims Stake in Citigroup Inc. $C
Parkside Investments LLC reduced its stake in Citigroup Inc. by 9.4% in the third quarter, selling 11,545 shares and retaining 111,361 shares valued at $11.303 million. This comes as Citigroup recently agreed to sell a 24% stake in Banamex for approximately $2.5 billion, progressing towards a planned IPO of its Mexican retail unit. Despite Parkside’s trim, analysts have recently raised price targets, contributing to a “Moderate Buy” consensus rating and a target price of $127.25 for Citigroup.