Calamos Advisors LLC increased its stake in shares of Citigroup Inc (NYSE:C) by 25.1% in the third quarter, Holdings Channel.com reports. The firm owned 999,502 shares of the financial services provider’s stock after buying an additional 200,668 shares during the quarter. Calamos Advisors LLC’s holdings in Citigroup were worth $69,046,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of Citigroup by 309.3% during the 1st quarter. First Trust Advisors LP now owns 274,730 shares of the financial services provider’s stock worth $17,094,000 after purchasing an additional 207,602 shares during the last quarter. Centaurus Financial Inc. grew its stake in Citigroup by 95.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock valued at $28,000 after buying an additional 835 shares during the last quarter. Private Trust Co. NA grew its stake in Citigroup by 4.3% in the 2nd quarter. Private Trust Co. NA now owns 13,579 shares of the financial services provider’s stock valued at $950,000 after buying an additional 558 shares during the last quarter. Baystate Wealth Management LLC boosted its holdings in Citigroup by 376.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 634 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 501 shares during the period. Finally, Swedbank boosted its holdings in Citigroup by 0.5% in the 2nd quarter. Swedbank now owns 2,963,889 shares of the financial services provider’s stock valued at $207,561,000 after purchasing an additional 14,933 shares during the period. Institutional investors and hedge funds own 76.69% of the company’s stock.
C stock traded up $1.49 during trading on Monday, reaching $71.23. 582,610 shares of the company were exchanged, compared to its average volume of 13,088,854. The company has a 50-day moving average of $68.24 and a two-hundred day moving average of $67.62. The company has a market capitalization of $157.23 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.79 and a beta of 1.80. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $73.08. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.01.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.73 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Citigroup Inc will post 7.55 EPS for the current year.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the transaction, the insider now directly owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $81.00 to $77.50 and set an “overweight” rating for the company in a report on Thursday, October 10th. Barclays boosted their price objective on shares of Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $86.00 in a report on Friday, July 26th. Wells Fargo & Co set a $85.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Bank of America downgraded shares of Citigroup to a “hold” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.75.
Citigroup Company Profile
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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