Destination Wealth Management Has $13.19 Million Stake in Citigroup Inc (C)

Destination Wealth Management cut its stake in shares of Citigroup Inc (NYSE:C) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,283 shares of the financial services provider’s stock after selling 2,850 shares during the quarter. Destination Wealth Management’s holdings in Citigroup were worth $13,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Leisure Capital Management lifted its stake in Citigroup by 1.6% in the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after buying an additional 59 shares during the last quarter. Halbert Hargrove Russell LLC lifted its stake in Citigroup by 1.6% in the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after buying an additional 74 shares during the last quarter. Usca Ria LLC lifted its stake in Citigroup by 0.3% in the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 90 shares during the last quarter. Davis R M Inc. lifted its stake in Citigroup by 2.2% in the second quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after buying an additional 92 shares during the last quarter. Finally, Hartland & Co. LLC lifted its stake in Citigroup by 1.2% in the second quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock valued at $554,000 after buying an additional 97 shares during the last quarter. 78.54% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on C shares. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank restated a “hold” rating and set a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial restated an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $77.92.

Citigroup Inc (NYSE C) opened at $76.84 on Monday. The stock has a market capitalization of $203,170.00, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. 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 Inc has a 52-week low of $55.23 and a 52-week high of $77.92.

Citigroup (NYSE:C) last released 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 firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. equities analysts expect that Citigroup Inc will post 5.25 EPS for the current fiscal year.

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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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