Amica Mutual Insurance Co. Has $14.31 Million Position in Citigroup Inc (C)
Amica Mutual Insurance Co. cut its holdings in Citigroup Inc (NYSE:C) by 13.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 196,787 shares of the financial services provider’s stock after selling 30,146 shares during the period. Citigroup accounts for 1.3% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 10th largest holding. Amica Mutual Insurance Co.’s holdings in Citigroup were worth $14,314,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in C. Lazard Asset Management LLC boosted its holdings in Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after buying an additional 4,856,866 shares during the period. PointState Capital LP bought a new position in Citigroup in the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. boosted its holdings in Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after purchasing an additional 4,795,145 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after purchasing an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its holdings in Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the period. 78.54% of the stock is owned by institutional investors.
Shares of Citigroup Inc (NYSE C) opened at $75.56 on Friday. 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 firm has a market cap of $199,780.00, a price-to-earnings ratio of 14.56, a PEG ratio of 1.30 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $77.92.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. sell-side analysts expect that Citigroup Inc will post 5.25 earnings per share for the current year.
Several brokerages have commented on C. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target for the company in a report on Monday, December 4th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Nomura raised their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a report on Monday, October 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Citigroup has an average rating of “Buy” and a consensus target price 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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