GMT Capital Corp cut its holdings in Citigroup Inc (NYSE:C) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,675 shares of the financial services provider’s stock after selling 47,100 shares during the period. Citigroup accounts for 4.1% of GMT Capital Corp’s holdings, making the stock its 3rd biggest holding. GMT Capital Corp owned 0.10% of Citigroup worth $191,210,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Citigroup during the 2nd quarter worth approximately $1,034,000. Catamount Wealth Management purchased a new stake in shares of Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC raised its holdings in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. 78.54% of the stock is currently owned by institutional investors.
Citigroup Inc (C) opened at $75.56 on Friday. The company has a market capitalization of $199,780.00, a price-to-earnings ratio of 14.56, a price-to-earnings-growth 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 Inc has a 12-month low of $55.23 and a 12-month high of $77.92.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. equities research analysts expect that Citigroup Inc will post 5.25 earnings per share for the current fiscal year.
Several analysts recently weighed in on C shares. Royal Bank of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Jefferies Group set a $81.00 price target on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Raymond James Financial restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average 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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