Regal Investment Advisors LLC raised its position in shares of Citigroup Inc (NYSE:C) by 23.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,880 shares of the financial services provider’s stock after purchasing an additional 922 shares during the period. Regal Investment Advisors LLC’s holdings in Citigroup were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of C. Lazard Asset Management LLC lifted its stake in shares of 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 acquiring an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in shares of Citigroup in the 2nd quarter worth approximately $321,322,000. Pioneer Investment Management Inc. lifted its stake in shares of 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 worth $334,536,000 after acquiring an additional 4,795,145 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of 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 worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC lifted its stake in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Citigroup Inc (NYSE:C) opened at $75.41 on Friday. Citigroup Inc has a 1-year low of $55.23 and a 1-year high of $77.92. 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 stock has a market cap of $199,380.00, a P/E ratio of 14.53, a PEG ratio of 1.30 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. analysts forecast that Citigroup Inc will post 5.25 EPS for the current fiscal year.

C has been the subject of a number of research analyst reports. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reiterated a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays boosted their target price on shares of Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Raymond James Financial assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $78.02.

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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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