FDx Advisors Inc. lifted its position in shares of Citigroup Inc (NYSE:C) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,309 shares of the financial services provider’s stock after purchasing an additional 8,016 shares during the quarter. FDx Advisors Inc.’s holdings in Citigroup were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Catamount Wealth Management acquired a new stake in Citigroup in the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in 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 valued at $102,000 after buying an additional 1,030 shares in the last quarter. Balentine LLC boosted its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Citigroup in the 2nd quarter valued at $123,000. 78.54% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on C shares. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. Raymond James Financial started coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley lifted their price objective on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price objective on Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.78.
Citigroup (NYSE:C) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. research analysts forecast that Citigroup Inc will post 5.3 EPS for the current year.
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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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