Citigroup Inc (C) is South Dakota Investment Council’s 4th Largest Position

South Dakota Investment Council lowered its holdings in shares of Citigroup Inc (NYSE:C) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,361,892 shares of the financial services provider’s stock after selling 71,560 shares during the period. Citigroup comprises 2.0% of South Dakota Investment Council’s portfolio, making the stock its 4th largest holding. South Dakota Investment Council owned approximately 0.05% of Citigroup worth $99,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Analysts LLC raised its position in Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 2,367 shares during the last quarter. Principal Financial Group Inc. raised its position in Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares during the last quarter. Bank of Hawaii raised its position in Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,242 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC grew its holdings in shares of Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.

C has been the subject of a number of recent research reports. Credit Suisse Group reiterated a “buy” rating and set a $73.00 price target on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley lifted their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Jefferies Group set a $81.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Nomura lifted their price target on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.02.

Shares of Citigroup Inc (NYSE C) opened at $75.65 on Thursday. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92. The stock has a market cap of $200,020.00, a P/E ratio of 14.58, a P/E/G ratio of 1.30 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. Citigroup’s revenue was up 2.3% compared to the same quarter last year. equities analysts anticipate that Citigroup Inc will post 5.25 EPS for the current year.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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