Meag Munich Ergo Kapitalanlagegesellschaft MBH Increases Stake in Citigroup Inc (C)

Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Citigroup Inc (NYSE:C) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 314,315 shares of the financial services provider’s stock after purchasing an additional 5,035 shares during the quarter. Citigroup accounts for about 0.9% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 23rd biggest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Citigroup were worth $22,906,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Leisure Capital Management increased its holdings in shares of Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the period. Regal Investment Advisors LLC increased its stake in Citigroup by 2.0% in the first quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 74 shares during the period. Halbert Hargrove Russell LLC increased its stake in Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 74 shares during the period. Usca Ria LLC increased its stake in Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after acquiring an additional 90 shares during the period. Finally, Davis R M Inc. increased its stake in Citigroup by 2.2% in the second quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 92 shares during the period. Institutional investors own 78.54% of the company’s stock.

A number of analysts recently weighed in on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Deutsche Bank reissued a “hold” rating and issued a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $77.92.

Citigroup Inc (NYSE C) opened at $76.84 on Friday. The company has a market cap of $203,170.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. Citigroup Inc has a 12-month low of $55.23 and a 12-month high of $77.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts predict that Citigroup Inc will post 5.25 EPS for the current year.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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