Gofen & Glossberg LLC IL grew its position in shares of Citigroup Inc (NYSE:C) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,089 shares of the financial services provider’s stock after buying an additional 2,891 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Citigroup were worth $19,878,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Legacy Advisors LLC raised its holdings in shares of Citigroup by 349.7% in the 2nd quarter. Legacy Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,336 shares during the period. IMA Wealth Inc. bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $129,000. Chicago Partners Investment Group LLC raised its holdings in shares of Citigroup by 197.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 1,678 shares during the period. Cerebellum GP LLC bought a new stake in shares of Citigroup in the 3rd quarter worth approximately $186,000. Finally, Financial Counselors Inc. bought a new stake in shares of Citigroup in the 2nd quarter worth approximately $201,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on C. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Monday, August 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a report on Monday, July 30th. Oppenheimer lifted their price target on shares of Citigroup from $89.00 to $91.00 and gave the stock an “outperformer” rating in a report on Monday, July 16th. Deutsche Bank lifted their price target on shares of Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, BMO Capital Markets lifted their price target on shares of Citigroup from $76.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Citigroup presently has a consensus rating of “Hold” and an average target price of $82.25.
Citigroup stock opened at $69.84 on Friday. Citigroup Inc has a 1-year low of $64.38 and a 1-year high of $80.70. The company has a market capitalization of $184.38 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. The business had revenue of $18.47 billion during the quarter, compared to analyst estimates of $18.43 billion. Sell-side analysts forecast that Citigroup Inc will post 6.59 EPS for the current year.
In other news, insider Raja Akram sold 500 shares of the business’s stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francisco Aristeguieta sold 15,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.
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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