Ninepoint Partners LP Invests $8 Million in Citigroup Inc (C)

Ninepoint Partners LP acquired a new stake in Citigroup Inc (NYSE:C) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,000 shares of the financial services provider’s stock, valued at approximately $8,001,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catamount Wealth Management bought a new position in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the period. Balentine LLC increased its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the period. Acrospire Investment Management LLC increased its position in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Citigroup during the second quarter worth about $123,000. 78.54% of the stock is currently owned by institutional investors.

Shares of Citigroup Inc (NYSE C) opened at $75.51 on Friday. Citigroup Inc has a one year low of $55.23 and a one year high of $77.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market cap of $197,216.09, a P/E ratio of 14.37, a PEG ratio of 1.29 and a beta of 1.56.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $17.87 billion. During the same period last year, the company posted $1.24 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts anticipate that Citigroup Inc will post 5.28 earnings per share for the current year.

C has been the topic of a number of recent research reports. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Atlantic Securities reaffirmed 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. Finally, BMO Capital Markets raised their target price on shares of Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average target price of $77.88.

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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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