Great West Life Assurance Co. Can Sells 47,618 Shares of Citigroup Inc (C)

Great West Life Assurance Co. Can lowered its position in Citigroup Inc (NYSE:C) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,605,486 shares of the financial services provider’s stock after selling 47,618 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Citigroup were worth $188,981,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of C. Capital Analysts LLC raised its holdings in Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares in the last quarter. Bank of Hawaii raised its holdings in Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares in the last quarter. Norinchukin Bank The raised its holdings in Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after purchasing an additional 5,125 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.

Citigroup Inc (C) opened at $76.84 on Friday. The company has a market cap of $199,780.78, a price-to-earnings ratio of 14.81, a PEG ratio of 1.21 and a beta of 1.56. Citigroup Inc has a 1-year low of $55.23 and a 1-year high of $77.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. analysts predict that Citigroup Inc will post 5.25 earnings per share for the current fiscal year.

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