Morningstar Investment Services LLC Buys 1,882 Shares of Citigroup Inc (C)
Morningstar Investment Services LLC increased its stake in Citigroup Inc (NYSE:C) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 216,163 shares of the financial services provider’s stock after acquiring an additional 1,882 shares during the quarter. Morningstar Investment Services LLC’s holdings in Citigroup were worth $15,724,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 valued at $621,497,000 after buying 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 valued at $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 valued at $334,536,000 after buying 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 valued at $990,836,000 after buying 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 valued at $7,343,721,000 after buying an additional 4,061,637 shares in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.
A number of analysts recently issued reports on C shares. Credit Suisse Group reissued a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. Raymond James Financial started coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley lifted their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. 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. Finally, Nomura lifted their price objective on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $78.02.
Shares of Citigroup Inc (NYSE:C) opened at $75.65 on Thursday. 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 $200,020.00, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. 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 (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc will post 5.25 EPS for the current fiscal year.
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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