Jarislowsky Fraser Ltd purchased a new position in Citigroup Inc (NYSE:C) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,572 shares of the financial services provider’s stock, valued at approximately $696,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Catamount Wealth Management purchased a new position in Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in 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 valued at $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC lifted 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 valued at $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC lifted 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 valued at $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Citigroup during the 2nd quarter valued at about $123,000. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
C has been the subject of several research reports. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays boosted their target price on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $77.92.
Shares of Citigroup Inc (NYSE:C) opened at $76.84 on Friday. 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. 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 1 year low of $55.23 and a 1 year high of $77.92.
Citigroup (NYSE:C) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $1.24 earnings per share. analysts predict that Citigroup Inc will post 5.25 EPS for the current year.
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Citigroup Company 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.
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