Cumberland Partners Ltd Has $14.31 Million Stake in Citigroup Inc (C)

Cumberland Partners Ltd boosted its stake in shares of Citigroup Inc (NYSE:C) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,687 shares of the financial services provider’s stock after buying an additional 1,450 shares during the period. Citigroup makes up about 1.9% of Cumberland Partners Ltd’s investment portfolio, making the stock its 23rd largest holding. Cumberland Partners Ltd’s holdings in Citigroup were worth $14,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Ausdal Financial Partners Inc. boosted its stake in shares of Citigroup by 9.7% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 9,580 shares of the financial services provider’s stock worth $697,000 after buying an additional 849 shares during the last quarter. Channing Capital Management LLC boosted its stake in shares of Citigroup by 3.5% in the 3rd quarter. Channing Capital Management LLC now owns 132,611 shares of the financial services provider’s stock worth $9,646,000 after buying an additional 4,431 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Citigroup by 3.2% in the 3rd quarter. Dupont Capital Management Corp now owns 527,028 shares of the financial services provider’s stock worth $38,336,000 after buying an additional 16,222 shares during the last quarter. Andra AP fonden lifted its position in Citigroup by 1.8% during the third quarter. Andra AP fonden now owns 100,400 shares of the financial services provider’s stock valued at $7,303,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Middleton & Co Inc MA lifted its position in Citigroup by 6.6% during the third quarter. Middleton & Co Inc MA now owns 59,232 shares of the financial services provider’s stock valued at $4,309,000 after purchasing an additional 3,685 shares in the last quarter. 78.54% of the stock is owned by institutional investors.

Shares of Citigroup Inc (NYSE:C) traded down $0.09 during midday trading on Thursday, hitting $75.56. 15,353,100 shares of the stock were exchanged, compared to its average volume of 16,780,000. The firm has a market cap of $199,780.00, a P/E ratio of 14.56, a P/E/G 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 Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

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

A number of research firms have commented on C. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank reiterated a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Barclays lifted their price target on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $78.02.

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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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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