Foundry Partners LLC increased its position in Citigroup Inc (NYSE:C) by 20.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,955 shares of the financial services provider’s stock after acquiring an additional 84,870 shares during the quarter. Citigroup comprises approximately 1.4% of Foundry Partners LLC’s holdings, making the stock its biggest position. Foundry Partners LLC’s holdings in Citigroup were worth $36,221,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in C. Capital Analysts LLC lifted its position in shares of 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 purchasing an additional 2,367 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 205,298 shares during the last quarter. BlackRock Inc. lifted its position in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after purchasing an additional 189,447,104 shares during the last quarter. Amalgamated Bank lifted its position in shares of Citigroup by 1.0% during the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Bank of Hawaii increased its stake in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares during the period. 78.54% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc (C) traded down $0.09 during trading hours on Thursday, reaching $75.56. The company’s stock had a trading volume of 15,353,100 shares, compared to its average volume of 16,780,000. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $199,780.00, a PE ratio of 14.56, a P/E/G ratio of 1.30 and a beta of 1.56. Citigroup Inc has a 12 month low of $55.23 and a 12 month high of $77.92.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. analysts predict that Citigroup Inc will post 5.25 EPS for the current year.
Several research firms have issued reports on C. Bank of America reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Atlantic Securities restated an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, BMO Capital Markets boosted their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.02.
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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.
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