Pzena Investment Management LLC boosted its position in Citigroup (NYSE:C) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,363,979 shares of the financial services provider’s stock after purchasing an additional 42,595 shares during the period. Citigroup makes up about 3.1% of Pzena Investment Management LLC’s portfolio, making the stock its 3rd largest holding. Pzena Investment Management LLC owned 0.33% of Citigroup worth $622,364,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balentine LLC lifted its position 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 acquiring an additional 272 shares during the last quarter. Sawyer & Company Inc acquired a new stake in shares of Citigroup during the 4th quarter valued at $117,000. Baldwin Brothers Inc. MA lifted its position in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares during the last quarter. Risk Paradigm Group LLC lifted its position in shares of Citigroup by 692.0% during the 2nd quarter. Risk Paradigm Group LLC now owns 2,281 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,993 shares during the last quarter. Finally, Lee Financial Co lifted its position in shares of Citigroup by 57.0% during the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.
Citigroup stock traded down $1.62 during mid-day trading on Friday, hitting $68.60. 21,543,535 shares of the company’s stock were exchanged, compared to its average volume of 18,811,220. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $176,306.52, a price-to-earnings ratio of 12.87, a PEG ratio of 0.99 and a beta of 1.56. Citigroup has a 1-year low of $57.55 and a 1-year high of $80.70.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. sell-side analysts anticipate that Citigroup will post 6.4 earnings per share for the current year.
C has been the topic of several recent analyst reports. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays boosted their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vertical Group downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Finally, Credit Suisse Group reissued a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.69.
COPYRIGHT VIOLATION WARNING: This story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/08/pzena-investment-management-llc-raises-holdings-in-citigroup-c.html.
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.
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.