State of Alaska Department of Revenue lowered its holdings in Citigroup Inc (NYSE:C) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,969 shares of the financial services provider’s stock after selling 7,752 shares during the quarter. State of Alaska Department of Revenue’s holdings in Citigroup were worth $17,176,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Csenge Advisory Group purchased a new stake in Citigroup during the 3rd quarter worth about $104,000. Trust Asset Management LLC lifted its holdings in shares of Citigroup by 3,894.4% in the 3rd quarter. Trust Asset Management LLC now owns 347,150 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 338,459 shares during the last quarter. Arlington Partners LLC purchased a new stake in shares of Citigroup in the 3rd quarter valued at about $143,000. Almanack Investment Partners LLC. purchased a new stake in shares of Citigroup in the 3rd quarter valued at about $150,000. Finally, Peoples Financial Services CORP. lifted its holdings in shares of Citigroup by 82.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 72.67% of the company’s stock.
Shares of Citigroup stock traded up $0.05 during trading hours on Thursday, reaching $56.43. 1,128,963 shares of the company’s stock were exchanged, compared to its average volume of 20,974,182. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $80.70. The firm has a market cap of $141.69 billion, a PE ratio of 10.59, a P/E/G ratio of 0.64 and a beta of 1.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32.
Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The company had revenue of $18.39 billion for the quarter, compared to analyst estimates of $18.43 billion. During the same quarter in the prior year, the company posted $1.42 EPS. Equities research analysts anticipate that Citigroup Inc will post 6.65 EPS for the current year.
C has been the subject of several analyst reports. Barclays reduced their price objective on Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Wells Fargo & Co cut Citigroup to a “buy” rating in a research report on Friday, January 4th. Credit Suisse Group dropped their target price on Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Finally, Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price on the stock in a research note on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $79.52.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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