BRYN MAWR TRUST Co bought a new position in Citigroup (NYSE:C) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,173 shares of the financial services provider’s stock, valued at approximately $236,000.
Several other institutional investors and hedge funds have also recently modified their holdings of C. Carnick & Kubik Group LLC purchased a new stake in Citigroup in the 3rd quarter valued at $1,510,000. Barometer Capital Management Inc. raised its position in Citigroup by 10.0% in the 3rd quarter. Barometer Capital Management Inc. now owns 487,825 shares of the financial services provider’s stock valued at $35,484,000 after buying an additional 44,175 shares during the last quarter. APG Asset Management N.V. raised its position in Citigroup by 10.7% in the 3rd quarter. APG Asset Management N.V. now owns 10,092,265 shares of the financial services provider’s stock valued at $734,111,000 after buying an additional 971,629 shares during the last quarter. Whittier Trust Co. raised its position in Citigroup by 2.1% in the 3rd quarter. Whittier Trust Co. now owns 199,947 shares of the financial services provider’s stock valued at $14,544,000 after buying an additional 4,156 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Citigroup by 2.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 68,649 shares of the financial services provider’s stock valued at $4,993,000 after buying an additional 1,870 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.
C stock opened at $68.60 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market cap of $176,306.52, a PE ratio of 12.87, a PEG ratio of 0.99 and a beta of 1.56. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 EPS. equities analysts forecast that Citigroup will post 6.4 EPS for the current year.
C has been the subject of several research analyst reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. UBS raised Citigroup from a “neutral” rating to a “buy” rating and raised their target price for the company from $78.00 to $80.00 in a research report on Thursday. Keefe, Bruyette & Woods raised their target price on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Nomura set a $87.00 target price on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $80.69.
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Citigroup Company Profile
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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