Financial Partners Capital Management LLC decreased its stake in shares of Citigroup Inc (NYSE:C) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,270 shares of the financial services provider’s stock after selling 7,296 shares during the quarter. Citigroup comprises 3.1% of Financial Partners Capital Management LLC’s holdings, making the stock its 3rd biggest position. Financial Partners Capital Management LLC’s holdings in Citigroup were worth $16,022,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of C. Fox Run Management L.L.C. boosted its holdings in shares of Citigroup by 46.4% in the 2nd quarter. Fox Run Management L.L.C. now owns 22,100 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 7,000 shares during the last quarter. Hexavest Inc. boosted its holdings in shares of Citigroup by 58.6% in the 2nd quarter. Hexavest Inc. now owns 891,698 shares of the financial services provider’s stock valued at $59,637,000 after acquiring an additional 329,421 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new stake in shares of Citigroup in the 2nd quarter valued at $1,522,000. BKD Wealth Advisors LLC boosted its holdings in shares of Citigroup by 23.2% in the 2nd quarter. BKD Wealth Advisors LLC now owns 9,414 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 1,771 shares during the last quarter. Finally, Hellman Jordan Management Co. Inc. MA purchased a new stake in shares of Citigroup in the 2nd quarter valued at $982,000. Institutional investors and hedge funds own 78.54% of the company’s stock.
Citigroup Inc (NYSE:C) opened at $76.84 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $199,780.78, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. equities research analysts predict that Citigroup Inc will post 5.25 EPS for the current year.
Several analysts have recently commented on C shares. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Atlantic Securities reissued an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, BMO Capital Markets increased their price target on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $78.02.
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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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