Doheny Asset Management CA Acquires Shares of 22,977 Citigroup (C)

Doheny Asset Management CA acquired a new position in shares of Citigroup (NYSE:C) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 22,977 shares of the financial services provider’s stock, valued at approximately $1,710,000.

A number of other institutional investors have also recently added to or reduced their stakes in C. Advisors Capital Management LLC boosted its stake in Citigroup by 2.8% during the third 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 during the period. Principal Financial Group Inc. boosted its stake in shares of Citigroup by 17.3% in the third quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock valued at $354,216,000 after purchasing an additional 717,320 shares during the period. Prudential Financial Inc. boosted its stake in shares of Citigroup by 17.0% in the third quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock valued at $546,594,000 after purchasing an additional 1,092,980 shares during the period. C WorldWide Group Holding A S boosted its stake in shares of Citigroup by 13.1% in the third quarter. C WorldWide Group Holding A S now owns 6,603,267 shares of the financial services provider’s stock valued at $480,322,000 after purchasing an additional 764,249 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of Citigroup by 3.7% in the third quarter. Macquarie Group Ltd. now owns 363,594 shares of the financial services provider’s stock valued at $26,448,000 after purchasing an additional 13,019 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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C stock opened at $68.60 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a twelve month low of $57.55 and a twelve month high of $80.70. The company has a market cap of $176,306.52, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.99 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping 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 company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts predict that Citigroup will post 6.4 earnings per share for the current year.

C has been the subject of several recent research reports. Nomura raised their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Wells Fargo set a $95.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. Citigroup currently has a consensus rating of “Hold” and an average target price of $80.69.

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Citigroup 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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