Seizert Capital Partners LLC cut its position in shares of Citigroup Inc (NYSE:C) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,845 shares of the financial services provider’s stock after selling 33,039 shares during the quarter. Seizert Capital Partners LLC’s holdings in Citigroup were worth $37,013,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in C. Catamount Wealth Management purchased a new stake in Citigroup during the 2nd quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC boosted its holdings in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC boosted its holdings in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup during the 2nd quarter valued at about $123,000. Hedge funds and other institutional investors own 78.54% of the company’s stock.
C has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating and set a $73.00 target price on shares of Citigroup in a report on Wednesday, September 13th. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Deutsche Bank restated a “hold” rating and set a $67.00 target price (up from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, Raymond James Financial restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $78.02.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $17.87 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. analysts forecast that Citigroup Inc will post 5.25 earnings per share for the current fiscal year.
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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