Citigroup Inc (C) Stake Lowered by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its position in shares of Citigroup Inc (NYSE:C) by 37.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,499 shares of the financial services provider’s stock after selling 4,578 shares during the period. Sunbelt Securities Inc. owned about 283.62% of Citigroup worth $545,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Citigroup by 2.5% in the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after buying an additional 4,391,347 shares in the last quarter. Rex Capital Advisors LLC raised its stake in Citigroup by 106.5% in the first quarter. Rex Capital Advisors LLC now owns 10,077 shares of the financial services provider’s stock worth $603,000 after buying an additional 5,198 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Citigroup by 43.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the financial services provider’s stock worth $3,876,000 after buying an additional 19,504 shares in the last quarter. Azimuth Capital Management LLC raised its stake in Citigroup by 4.8% in the first quarter. Azimuth Capital Management LLC now owns 69,359 shares of the financial services provider’s stock worth $4,149,000 after buying an additional 3,165 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC bought a new position in Citigroup in the first quarter worth about $1,452,000. 78.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Citigroup Inc (NYSE C) opened at $74.78 on Wednesday. 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 company has a market cap of $199,595.70, a P/E ratio of 14.41, a PEG ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 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 firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts forecast that Citigroup Inc will post 5.3 EPS for the current year.

A number of equities analysts recently issued reports on C shares. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and increased their price target for the stock from $63.00 to $70.00 in a research note on Monday, September 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Citigroup in a research note on Wednesday, September 13th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. 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 given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $76.78.

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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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