Lake Street Financial LLC Acquires 2,710 Shares of Citigroup Inc (NYSE:C)

Lake Street Financial LLC raised its holdings in Citigroup Inc (NYSE:C) by 51.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,931 shares of the financial services provider’s stock after purchasing an additional 2,710 shares during the period. Lake Street Financial LLC’s holdings in Citigroup were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Principle Wealth Partners LLC raised its position in shares of Citigroup by 4.5% in the 3rd quarter. Principle Wealth Partners LLC now owns 3,075 shares of the financial services provider’s stock valued at $212,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC raised its position in shares of Citigroup by 3.7% in the 3rd quarter. Ridgewood Investments LLC now owns 4,085 shares of the financial services provider’s stock valued at $282,000 after buying an additional 146 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of Citigroup by 2.5% in the 3rd quarter. Prospera Financial Services Inc now owns 6,603 shares of the financial services provider’s stock valued at $456,000 after buying an additional 160 shares in the last quarter. First Financial Corp IN raised its position in shares of Citigroup by 12.1% in the 3rd quarter. First Financial Corp IN now owns 1,491 shares of the financial services provider’s stock valued at $103,000 after buying an additional 161 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC raised its position in shares of Citigroup by 1.4% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 11,963 shares of the financial services provider’s stock valued at $826,000 after buying an additional 166 shares in the last quarter. 76.95% of the stock is owned by hedge funds and other institutional investors.

C opened at $80.65 on Tuesday. Citigroup Inc has a fifty-two week low of $55.70 and a fifty-two week high of $81.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $173.02 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.83 and a beta of 1.81. The company’s 50 day moving average price is $77.64 and its two-hundred day moving average price is $71.57.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The firm had revenue of $18.57 billion for the quarter, compared to analyst estimates of $18.54 billion. During the same period in the previous year, the firm posted $1.73 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc will post 7.5 EPS for the current year.

A number of research firms recently issued reports on C. DA Davidson began coverage on shares of Citigroup in a research report on Thursday, January 9th. They set a “buy” rating and a $96.00 price objective for the company. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, October 9th. Credit Suisse Group upped their price objective on shares of Citigroup from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Bank of America upped their price objective on shares of Citigroup from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $86.24.

About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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