Wade G W & Inc. boosted its stake in Citigroup Inc (NYSE:C) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,841 shares of the financial services provider’s stock after purchasing an additional 1,332 shares during the quarter. Wade G W & Inc.’s holdings in Citigroup were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. boosted its position in shares of Citigroup by 15.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 5,788,359 shares of the financial services provider’s stock valued at $421,045,000 after acquiring an additional 786,330 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in shares of Citigroup during the 3rd quarter valued at about $5,767,000. FNY Partners Fund LP bought a new stake in shares of Citigroup during the 3rd quarter valued at about $501,000. Jackson Wealth Management LLC boosted its position in shares of Citigroup by 11.0% during the 3rd quarter. Jackson Wealth Management LLC now owns 22,250 shares of the financial services provider’s stock valued at $1,673,000 after acquiring an additional 2,202 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Citigroup by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 704,924 shares of the financial services provider’s stock valued at $52,023,000 after acquiring an additional 3,552 shares during the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.
A number of analysts have recently issued reports on the company. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $77.92.
Citigroup Inc (C) opened at $76.84 on Friday. The firm has a market capitalization of $203,165.09, a PE ratio of 14.81, a P/E/G ratio of 1.23 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 announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The company 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. research analysts anticipate that Citigroup Inc will post 5.25 earnings per share for the current 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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