Financial Enhancement Group LLC Purchases New Holdings in Citigroup Inc (C)

Financial Enhancement Group LLC purchased a new stake in Citigroup Inc (NYSE:C) during the third quarter, according to its most recent filing with the SEC. The fund purchased 79,278 shares of the financial services provider’s stock, valued at approximately $5,767,000. Citigroup comprises about 2.3% of Financial Enhancement Group LLC’s portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catamount Wealth Management bought a new stake in Citigroup in the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of 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 during the last quarter. Balentine LLC increased its holdings in shares of 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 during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of 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 during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Citigroup in the 2nd quarter worth about $123,000. Institutional investors own 78.54% of the company’s stock.

Citigroup Inc (C) opened at $76.84 on Friday. 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 company has a market cap of $199,780.78, a PE ratio of 14.81, a P/E/G ratio of 1.21 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping 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 analysts’ expectations of $17.87 billion. During the same period in the previous year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts predict that Citigroup Inc will post 5.25 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and issued a $75.00 target price on shares of Citigroup in a report on Wednesday, September 27th. Jefferies Group set a $81.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of 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 downgraded shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup has an average rating of “Buy” and an average target price of $78.02.

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Citigroup 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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