Timber Hill LLC Has $6.91 Million Holdings in Citigroup (NYSE:C)

Timber Hill LLC grew its stake in shares of Citigroup (NYSE:C) by 295.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,921 shares of the financial services provider’s stock after purchasing an additional 69,441 shares during the quarter. Timber Hill LLC’s holdings in Citigroup were worth $6,914,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of C. Bank of Hawaii grew its holdings in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares in the last quarter. Advisors Capital Management LLC grew its holdings in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Citigroup by 17.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after buying an additional 717,320 shares in the last quarter. Gs Investments Inc. bought a new position in Citigroup in the 2nd quarter worth approximately $301,000. Finally, Foster & Motley Inc. acquired a new stake in Citigroup in the third quarter worth approximately $281,000. 80.16% of the stock is owned by institutional investors.

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NYSE: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 fifty-two week low of $57.55 and a fifty-two week high of $80.70. The company has a market cap of $176,306.52, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56.

Citigroup (NYSE:C) last announced its 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 negative net margin of 7.05% and a positive return on equity of 7.61%. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the business earned $1.14 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities research analysts anticipate that Citigroup will post 6.4 earnings per share for the current year.

A number of equities research analysts have weighed in on C shares. Nomura upped their target price on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Credit Suisse Group restated a “buy” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods upped their target price on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Wells Fargo set a $95.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. Citigroup has an average rating of “Hold” and an average price target of $80.69.

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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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