Vanguard Group Inc. increased its stake in shares of Citigroup Inc (NYSE:C) by 0.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,587,680 shares of the financial services provider’s stock after acquiring an additional 18,793 shares during the quarter. Citigroup makes up 0.5% of Vanguard Group Inc.’s investment portfolio, making the stock its 27th largest position. Vanguard Group Inc. owned approximately 6.99% of Citigroup worth $12,883,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Front Barnett Associates LLC lifted its stake in shares of Citigroup by 0.5% in the 2nd quarter. Front Barnett Associates LLC now owns 134,048 shares of the financial services provider’s stock valued at $8,970,000 after purchasing an additional 700 shares during the period. HCR Wealth Advisors raised its stake in Citigroup by 3.1% during the third quarter. HCR Wealth Advisors now owns 25,477 shares of the financial services provider’s stock valued at $1,712,000 after buying an additional 758 shares during the last quarter. InterOcean Capital LLC raised its stake in Citigroup by 10.8% during the third quarter. InterOcean Capital LLC now owns 8,007 shares of the financial services provider’s stock valued at $574,000 after buying an additional 780 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Citigroup by 24.6% during the third quarter. Integrated Wealth Concepts LLC now owns 3,986 shares of the financial services provider’s stock valued at $287,000 after buying an additional 788 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Citigroup by 4.5% during the second quarter. Proficio Capital Partners LLC now owns 18,310 shares of the financial services provider’s stock valued at $1,225,000 after buying an additional 791 shares during the last quarter. Institutional investors and hedge funds own 72.67% of the company’s stock.
Shares of Citigroup stock traded up $0.25 during trading hours on Friday, hitting $56.69. The company’s stock had a trading volume of 23,051,548 shares, compared to its average volume of 20,728,637. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $144.90 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.66 and a beta of 1.56. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $80.70.
Citigroup (NYSE:C) last posted its earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $18.39 billion for the quarter, compared to the consensus estimate of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the previous year, the business earned $1.42 earnings per share. On average, equities analysts expect that Citigroup Inc will post 6.63 earnings per share for the current year.
A number of brokerages have issued reports on C. Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Wells Fargo & Co lowered Citigroup to a “buy” rating in a report on Friday, January 4th. Finally, Morgan Stanley reduced their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.52.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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