Edge Advisors LLC Trims Holdings in Citigroup Inc (C)

Edge Advisors LLC reduced its position in shares of Citigroup Inc (NYSE:C) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,520 shares of the financial services provider’s stock after selling 811 shares during the quarter. Edge Advisors LLC’s holdings in Citigroup were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Lazard Asset Management LLC increased its holdings in shares of Citigroup by 109.5% in 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 acquiring an additional 4,856,866 shares during the period. PointState Capital LP purchased a new position in shares of Citigroup in the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. increased its holdings in shares of Citigroup by 2,317.8% in 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 acquiring an additional 4,795,145 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Citigroup by 42.4% in 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 acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC increased its holdings in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Institutional investors own 78.54% of the company’s stock.

A number of brokerages have recently issued reports on C. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a report on Monday, December 4th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Nomura lifted their price target on Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of Citigroup in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.02.

Shares of Citigroup Inc (NYSE:C) opened at $75.41 on Friday. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $199,380.00, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56.

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 Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter 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. equities analysts forecast that Citigroup Inc will post 5.25 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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