Gradient Investments LLC increased its position in shares of Citigroup Inc (NYSE:C) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,902 shares of the financial services provider’s stock after purchasing an additional 6,314 shares during the period. Gradient Investments LLC’s holdings in Citigroup were worth $9,893,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in C. Legacy Advisors LLC boosted its stake in Citigroup by 349.7% during the second quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,336 shares during the period. IMA Wealth Inc. purchased a new position in Citigroup during the second quarter worth about $129,000. Chicago Partners Investment Group LLC boosted its stake in Citigroup by 197.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,678 shares during the period. Cerebellum GP LLC purchased a new position in Citigroup during the third quarter worth about $186,000. Finally, Financial Counselors Inc. purchased a new position in Citigroup during the second quarter worth about $201,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.
Shares of NYSE:C opened at $69.84 on Friday. The company has a market capitalization of $184.38 billion, a P/E ratio of 13.10, a PEG ratio of 0.97 and a beta of 1.46. Citigroup Inc has a fifty-two week low of $64.38 and a fifty-two week high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.00.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.08. The firm had revenue of $18.47 billion for the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. As a group, analysts predict that Citigroup Inc will post 6.59 earnings per share for the current fiscal year.
In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raja Akram sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.
C has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of Citigroup in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Monday, August 27th. Deutsche Bank raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, June 20th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research note on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $82.25.
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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