Citigroup Inc (C) Stake Boosted by Norinchukin Bank The
Norinchukin Bank The lifted its holdings in Citigroup Inc (NYSE:C) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,141 shares of the financial services provider’s stock after acquiring an additional 10,862 shares during the period. Norinchukin Bank The’s holdings in Citigroup were worth $10,776,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catamount Wealth Management bought a new position in Citigroup during the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted 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 valued at $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC boosted 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 valued at $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC boosted 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 valued at $114,000 after buying an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup during the second quarter valued at approximately $123,000. 78.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Citigroup Inc (NYSE:C) opened at $75.31 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.92. The firm has a market capitalization of $199,120.00, a P/E ratio of 14.51, a PEG ratio of 1.30 and a beta of 1.56.
A number of brokerages recently commented on C. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. BidaskClub downgraded Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Raymond James Financial restated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Societe Generale downgraded Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price objective on the stock. in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $78.02.
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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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