Advisors Asset Management Inc. raised its position in Citigroup Inc (NYSE:C) by 151.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,267 shares of the financial services provider’s stock after purchasing an additional 32,649 shares during the period. Advisors Asset Management Inc.’s holdings in Citigroup were worth $3,947,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in C. Catamount Wealth Management acquired a new stake in Citigroup during the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares in the last quarter. Balentine LLC grew its position in Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares in the last quarter. Acrospire Investment Management LLC grew its position in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Citigroup in the second quarter valued at approximately $123,000. Institutional investors own 78.54% of the company’s stock.
C has been the subject of several recent research reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. Raymond James Financial initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley increased their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Jefferies Group set a $81.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Nomura increased their target price on Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $77.88.
Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. equities research analysts anticipate that Citigroup Inc will post 5.28 EPS for the current fiscal year.
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Citigroup Company Profile
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.
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