Citigroup Inc (C) Holdings Trimmed by Hartland & Co. LLC
Hartland & Co. LLC lessened its stake in shares of Citigroup Inc (NYSE:C) by 30.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,783 shares of the financial services provider’s stock after selling 2,497 shares during the quarter. Hartland & Co. LLC’s holdings in Citigroup were worth $421,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP purchased a new position in shares of Citigroup during the second quarter worth about $321,322,000. Pioneer Investment Management Inc. grew its holdings in shares of Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after purchasing an additional 4,795,145 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after purchasing an additional 4,413,329 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc (NYSE:C) opened at $76.84 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 12-month low of $55.23 and a 12-month high of $77.92. The firm has a market capitalization of $203,165.09, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56.
Citigroup (NYSE:C) last announced 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. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. equities research analysts forecast that Citigroup Inc will post 5.25 EPS for the current fiscal year.
Several brokerages have recently commented on C. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Raymond James Financial began coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Finally, Deutsche Bank reissued a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. One 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 has a consensus rating of “Buy” and a consensus price target of $77.92.
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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