Bessemer Group Inc. Cuts Holdings in Citigroup Inc (C)

Bessemer Group Inc. decreased its holdings in shares of Citigroup Inc (NYSE:C) by 10.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,568,217 shares of the financial services provider’s stock after selling 314,062 shares during the period. Bessemer Group Inc. owned 0.10% of Citigroup worth $186,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of C. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Citigroup in the 2nd quarter worth approximately $1,034,000. Catamount Wealth Management purchased a new position in shares of Citigroup in the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC grew its position in shares of Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its position in shares of Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. 78.54% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Credit Suisse Group reissued a “buy” rating and set a $83.00 target price (up previously from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and set a $75.00 target price on shares of Citigroup in a research report on Wednesday, September 27th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Nomura boosted their target price on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Citigroup has an average rating of “Buy” and an average price target of $76.78.

Citigroup Inc (C) opened at $74.89 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc has a 12 month low of $55.23 and a 12 month high of $77.92. The stock has a market cap of $199,595.70, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.48 and a beta of 1.55.

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

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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