Amundi Pioneer Asset Management Inc. Has $421.05 Million Position in Citigroup Inc (C)
Amundi Pioneer Asset Management Inc. increased its holdings in Citigroup Inc (NYSE:C) by 15.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,788,359 shares of the financial services provider’s stock after acquiring an additional 786,330 shares during the period. Citigroup makes up about 1.3% of Amundi Pioneer Asset Management Inc.’s holdings, making the stock its 15th largest holding. Amundi Pioneer Asset Management Inc.’s holdings in Citigroup were worth $421,045,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Citigroup in the second quarter worth approximately $1,034,000. Catamount Wealth Management acquired a new position in Citigroup during the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC lifted its stake in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.
C has been the topic of a number of research reports. Bank of America restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Co restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Keefe, Bruyette & Woods upped their price target on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Atlantic Securities restated an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, BMO Capital Markets upped their price target on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $77.92.
Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. analysts anticipate that Citigroup Inc will post 5.25 EPS for the current year.
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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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