Davidson Investment Advisors Purchases Shares of 139,655 Citigroup Inc (C)

Davidson Investment Advisors purchased a new stake in shares of Citigroup Inc (NYSE:C) during the third quarter, Holdings Channel reports. The firm purchased 139,655 shares of the financial services provider’s stock, valued at approximately $10,158,000.

Several other hedge funds have also recently added to or reduced their stakes in C. FMR LLC grew its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp grew its position in Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Harris Associates L P grew its position in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp grew its position in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. Finally, Boston Partners grew its position in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.

Shares of Citigroup Inc (NYSE:C) opened at $75.31 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $199,120.00, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $77.92.

Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. sell-side analysts predict that Citigroup Inc will post 5.25 EPS for the current fiscal year.

C has been the topic of a number of research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Deutsche Bank reaffirmed a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $78.02.

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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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