Financial Sense Advisors Inc. cut its holdings in shares of Citigroup (NYSE:C) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,731 shares of the financial services provider’s stock after selling 1,665 shares during the quarter. Citigroup comprises 1.7% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. Financial Sense Advisors Inc.’s holdings in Citigroup were worth $3,775,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Harris Associates L P increased its position in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares during the period. Boston Partners increased its position in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares during the period. Ameriprise Financial Inc. increased its position in shares of Citigroup by 4.7% during the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock valued at $1,754,343,000 after purchasing an additional 1,091,989 shares during the period. Capital Research Global Investors increased its position in shares of Citigroup by 1.3% during the second quarter. Capital Research Global Investors now owns 17,606,438 shares of the financial services provider’s stock valued at $1,177,519,000 after purchasing an additional 221,934 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Citigroup by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock valued at $1,109,194,000 after purchasing an additional 91,093 shares during the period. Institutional investors own 80.16% of the company’s stock.
Shares of C traded down $1.62 during trading hours on Friday, hitting $68.60. 21,543,535 shares of the stock traded hands, compared to its average volume of 18,811,220. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 1-year low of $57.55 and a 1-year high of $80.70. The firm has a market capitalization of $176,306.52, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts anticipate that Citigroup will post 6.4 EPS for the current year.
C has been the topic of a number of analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Nomura upped their price target on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Wells Fargo set a $95.00 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, December 20th. JPMorgan Chase set a $80.00 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. Citigroup presently has a consensus rating of “Hold” and an average target price of $80.69.
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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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