SSI Investment Management Inc. trimmed its stake in shares of Citigroup (NYSE:C) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,078 shares of the financial services provider’s stock after selling 7,086 shares during the period. SSI Investment Management Inc.’s holdings in Citigroup were worth $1,049,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Balentine LLC lifted its stake in shares of Citigroup by 20.2% in the second 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. Sawyer & Company Inc purchased a new position in shares of Citigroup in the fourth quarter worth about $117,000. Baldwin Brothers Inc. MA lifted its stake in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after buying an additional 750 shares in the last quarter. Risk Paradigm Group LLC lifted its stake in shares of Citigroup by 692.0% in the second quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,993 shares in the last quarter. Finally, Lee Financial Co lifted its stake in shares of Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after buying an additional 813 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $74.00 price target on shares of Citigroup in a research note on Thursday. UBS raised shares of Citigroup from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a research note on Thursday. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday. TheStreet downgraded shares of Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, March 27th. Finally, Jefferies Group restated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.69.
Shares of C traded down $1.62 during trading on Friday, reaching $68.60. 21,543,535 shares of the company traded hands, compared to its average volume of 18,811,220. Citigroup has a twelve month low of $57.55 and a twelve month high of $80.70. The stock has a market cap of $180,470.03, a PE ratio of 12.87, a P/E/G ratio of 1.02 and a beta of 1.56. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts expect that Citigroup will post 6.4 earnings per share for the current fiscal year.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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