Check Capital Management Inc. CA Purchases 3,900 Shares of Citigroup Inc (C)

Check Capital Management Inc. CA increased its holdings in shares of Citigroup Inc (NYSE:C) by 100.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the financial services provider’s stock after purchasing an additional 3,900 shares during the period. Check Capital Management Inc. CA’s holdings in Citigroup were worth $567,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of C. HighTower Advisors LLC increased its holdings in shares of Citigroup by 13.8% in the 1st quarter. HighTower Advisors LLC now owns 248,873 shares of the financial services provider’s stock valued at $14,899,000 after purchasing an additional 30,172 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Citigroup during the 1st quarter valued at about $527,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Citigroup by 0.9% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 64,190 shares of the financial services provider’s stock valued at $3,840,000 after acquiring an additional 590 shares in the last quarter. 10 15 Associates Inc. increased its holdings in Citigroup by 7.7% during the 1st quarter. 10 15 Associates Inc. now owns 3,929 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 280 shares in the last quarter. Finally, Covington Capital Management increased its holdings in Citigroup by 40.0% during the 1st quarter. Covington Capital Management now owns 156,264 shares of the financial services provider’s stock valued at $9,348,000 after acquiring an additional 44,615 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

Several equities research analysts have issued reports on the stock. Raymond James Financial assumed coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley raised their price target on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Jefferies Group set a $81.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Nomura raised their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets raised their target price on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. One investment 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. Citigroup currently has an average rating of “Buy” and an average price target of $78.02.

Citigroup Inc (NYSE C) traded up $1.28 during mid-day trading on Friday, reaching $76.84. 16,902,707 shares of the company’s stock traded hands, compared to its average volume of 16,690,000. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc has a 12-month low of $55.23 and a 12-month high of $77.92. The company has a market capitalization of $203,170.00, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56.

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

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About Citigroup

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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