Nelson Roberts Investment Advisors LLC Takes $175,000 Position in Citigroup Inc. (C)

Nelson Roberts Investment Advisors LLC acquired a new stake in Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent filing with the SEC. The fund acquired 2,400 shares of the financial services provider’s stock, valued at approximately $175,000.

A number of other institutional investors have also added to or reduced their stakes in C. BlackRock Inc. grew its position in shares of Citigroup by 2,718.7% during the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after purchasing an additional 189,447,104 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares in the last quarter. PointState Capital LP purchased a new position in shares of Citigroup during the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. grew its position in shares of Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after purchasing an additional 4,795,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Citigroup by 42.4% during the 2nd 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 purchasing an additional 4,413,329 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

Shares of Citigroup Inc. (NYSE C) opened at $75.49 on Friday. Citigroup Inc. has a fifty-two week low of $55.23 and a fifty-two week 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 $200,468.23, a price-to-earnings ratio of 14.55, a PEG ratio of 1.49 and a beta of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the previous year, the firm posted $1.24 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. research analysts predict that Citigroup Inc. will post 5.3 earnings per share for the current fiscal year.

A number of research firms have recently commented on C. Wells Fargo & Company set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday. Raymond James Financial restated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and set a $67.00 price target (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Credit Suisse Group restated a “buy” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Finally, Atlantic Securities restated an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $76.78.

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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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