Capital Asset Advisory Services LLC grew its position in Citigroup Inc (NYSE:C) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,775 shares of the financial services provider’s stock after purchasing an additional 1,565 shares during the period. Citigroup comprises about 0.8% of Capital Asset Advisory Services LLC’s holdings, making the stock its 24th largest position. Capital Asset Advisory Services LLC’s holdings in Citigroup were worth $1,228,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of C. First Trust Advisors LP lifted its position in Citigroup by 309.3% during the 1st quarter. First Trust Advisors LP now owns 274,730 shares of the financial services provider’s stock worth $17,094,000 after acquiring an additional 207,602 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Citigroup by 25.8% in the first quarter. Commonwealth Bank of Australia now owns 576,328 shares of the financial services provider’s stock worth $35,851,000 after purchasing an additional 118,200 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Citigroup by 1.1% in the first quarter. Artisan Partners Limited Partnership now owns 11,033,376 shares of the financial services provider’s stock valued at $686,497,000 after buying an additional 124,374 shares during the period. Nicolet Advisory Services LLC acquired a new stake in shares of Citigroup in the first quarter valued at $280,000. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of Citigroup by 3.6% in the first quarter. Wellington Shields & Co. LLC now owns 14,510 shares of the financial services provider’s stock valued at $903,000 after buying an additional 500 shares during the period. 76.66% of the stock is currently owned by institutional investors.
In other news, insider Michael Whitaker sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the sale, the insider now directly owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.
Several brokerages have recently weighed in on C. Keefe, Bruyette & Woods upgraded Citigroup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $86.00 in a report on Friday, July 26th. UBS Group upped their price objective on Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets lowered Citigroup to a “hold” rating in a report on Friday, July 26th. Bank of America lowered Citigroup to a “hold” rating in a report on Friday, July 26th. Finally, Berenberg Bank set a $78.00 price objective on Citigroup and gave the company a “buy” rating in a report on Monday, June 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $79.70.
Shares of NYSE C traded up $1.41 during mid-day trading on Thursday, hitting $68.84. 1,720,789 shares of the company traded hands, compared to its average volume of 12,853,255. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $73.08. The stock has a market capitalization of $153.95 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.74 and a beta of 1.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average of $66.91 and a two-hundred day moving average of $67.22.
Citigroup (NYSE:C) last announced its earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Citigroup had a return on equity of 10.10% and a net margin of 18.24%. The business had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Citigroup’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc will post 7.53 EPS for the current year.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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