Amundi Pioneer Asset Management Inc. increased its holdings in Citigroup Inc (NYSE:C) by 15.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,788,359 shares of the financial services provider’s stock after purchasing an additional 786,330 shares during the quarter. Citigroup accounts for about 1.3% of Amundi Pioneer Asset Management Inc.’s holdings, making the stock its 15th largest holding. Amundi Pioneer Asset Management Inc. owned 0.22% of Citigroup worth $421,045,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in C. Catamount Wealth Management acquired a new position in shares of Citigroup during the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC raised its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Citigroup during the second quarter valued at approximately $123,000. 78.54% of the stock is owned by institutional investors.
A number of equities analysts have commented on C shares. Raymond James Financial started coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley increased their target price on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Jefferies Group set a $81.00 target price on Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. Nomura increased their target price on Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Finally, BMO Capital Markets increased their target price on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $77.92.
Shares of Citigroup Inc (C) opened at $76.84 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $203,170.00, a P/E ratio of 14.81, a PEG ratio of 1.21 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $77.92.
Citigroup (NYSE:C) last posted its quarterly 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. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. sell-side analysts predict that Citigroup Inc will post 5.25 EPS for the current fiscal year.
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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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