BT Investment Management Ltd lifted its position in Citigroup Inc (NYSE:C) by 264.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 164,505 shares of the financial services provider’s stock after acquiring an additional 119,321 shares during the quarter. BT Investment Management Ltd’s holdings in Citigroup were worth $12,008,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of C. Catamount Wealth Management purchased a new stake in Citigroup in the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Citigroup by 206.0% in 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 buying an additional 1,030 shares in the last quarter. Balentine LLC lifted its position in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup in the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 78.54% of the company’s stock.
Shares of Citigroup Inc (C) traded up $1.28 on Friday, hitting $76.84. 16,649,000 shares of the stock traded hands, compared to its average volume of 16,690,000. Citigroup Inc has a 52 week low of $55.23 and a 52 week high of $77.92. 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 firm has a market cap 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 posted 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 business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period last year, the business posted $1.24 EPS. Citigroup’s revenue was up 2.3% compared to the same quarter last year. research analysts anticipate that Citigroup Inc will post 5.25 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price for the company in a research report on Monday, December 4th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Nomura increased 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. Stifel Nicolaus reiterated a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $65.00 price target on shares of Citigroup in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.02.
TRADEMARK VIOLATION WARNING: “BT Investment Management Ltd Has $12.01 Million Position in Citigroup Inc (C)” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/13/citigroup-inc-c-shares-bought-by-bt-investment-management-ltd.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.