World Asset Management Inc grew its stake in shares of Citigroup Inc (NYSE:C) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,044 shares of the financial services provider’s stock after buying an additional 3,692 shares during the quarter. World Asset Management Inc’s holdings in Citigroup were worth $11,539,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Icon Wealth Partners LLC grew its stake in shares of Citigroup by 11.2% during the second quarter. Icon Wealth Partners LLC now owns 5,714 shares of the financial services provider’s stock valued at $400,000 after buying an additional 576 shares during the last quarter. Advisor Partners LLC boosted its holdings in shares of Citigroup by 8.2% during the second quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock worth $5,506,000 after purchasing an additional 5,980 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Citigroup during the second quarter worth about $514,000. Clearstead Advisors LLC boosted its holdings in shares of Citigroup by 43.7% during the second quarter. Clearstead Advisors LLC now owns 8,747 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 2,661 shares during the period. Finally, Banco Santander S.A. boosted its holdings in shares of Citigroup by 77.8% during the second quarter. Banco Santander S.A. now owns 543,659 shares of the financial services provider’s stock worth $38,073,000 after purchasing an additional 237,925 shares during the period. 76.69% of the stock is currently owned by hedge funds and other institutional investors.
C traded up $0.44 on Tuesday, hitting $72.25. The company had a trading volume of 8,100,380 shares, compared to its average volume of 12,305,071. 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 Inc has a 52-week low of $48.42 and a 52-week high of $73.08. The stock has a fifty day simple moving average of $68.59 and a 200-day simple moving average of $67.72. The firm has a market capitalization of $157.55 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.80 and a beta of 1.80.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The business had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. During the same period last year, the business posted $1.73 earnings per share. Citigroup’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc will post 7.55 earnings per share for the current fiscal year.
In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the completion of the sale, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.
C has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price 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. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $86.00 in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $79.75.
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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