Eagle Asset Management Inc. raised its holdings in Citigroup Inc (NYSE:C) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 704,924 shares of the financial services provider’s stock after acquiring an additional 3,552 shares during the period. Eagle Asset Management Inc.’s holdings in Citigroup were worth $52,023,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Capital Analysts LLC grew its stake in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after acquiring an additional 2,367 shares during the period. Principal Financial Group Inc. grew its stake in Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after acquiring an additional 205,298 shares during the period. Bank of Hawaii boosted its position in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after buying an additional 2,242 shares during the period. Norinchukin Bank The boosted its position in shares of Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 39,898 shares during the period. Finally, Advisors Capital Management LLC boosted its position in shares of Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 5,125 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.
Citigroup Inc (NYSE C) opened at $76.84 on Friday. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $77.92. 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 company has a market capitalization of $199,780.78, a P/E ratio of 14.81, a P/E/G ratio of 1.21 and a beta of 1.56.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. equities analysts predict that Citigroup Inc will post 5.25 EPS for the current fiscal year.
C has been the subject of several recent research reports. Raymond James Financial initiated coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley upped their price objective on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Jefferies Group set a $81.00 price objective on Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Nomura upped their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets upped their price objective on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and an average price target of $78.02.
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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