1832 Asset Management L.P. lessened its holdings in Citigroup Inc (NYSE:C) by 73.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 565,354 shares of the financial services provider’s stock after selling 1,532,155 shares during the quarter. 1832 Asset Management L.P.’s holdings in Citigroup were worth $29,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Condor Capital Management raised its position in shares of Citigroup by 0.5% during the 4th quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock worth $1,651,000 after purchasing an additional 164 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in Citigroup by 0.4% in the 4th quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after acquiring an additional 175 shares during the last quarter. TCI Wealth Advisors Inc. raised its holdings in Citigroup by 7.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 197 shares during the last quarter. Highstreet Asset Management Inc. raised its holdings in Citigroup by 1.9% in the 4th quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 200 shares during the last quarter. Finally, Stillwater Investment Management LLC raised its holdings in Citigroup by 0.7% in the 4th quarter. Stillwater Investment Management LLC now owns 29,668 shares of the financial services provider’s stock valued at $1,545,000 after acquiring an additional 204 shares during the last quarter. 71.29% of the stock is currently owned by institutional investors.

C stock opened at $61.98 on Friday. The firm has a market cap of $156.57 billion, a PE ratio of 9.32, a PEG ratio of 0.77 and a beta of 1.68. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $75.24.

Citigroup (NYSE:C) last released its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. On average, analysts forecast that Citigroup Inc will post 7.45 earnings per share for the current fiscal year.

In related news, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Several research analysts have weighed in on the company. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, December 11th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Credit Suisse Group cut their price target on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, December 7th. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, December 10th. Finally, Jefferies Financial Group upgraded Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the company from $64.00 to $73.00 in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $78.27.

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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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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