Tiedemann Wealth Management LLC Raises Position in Citigroup Inc (C)

Tiedemann Wealth Management LLC increased its stake in shares of Citigroup Inc (NYSE:C) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,588 shares of the financial services provider’s stock after acquiring an additional 1,885 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Citigroup were worth $2,407,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in C. Lazard Asset Management LLC lifted its position in Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares during the last quarter. PointState Capital LP bought a new position in Citigroup during the second quarter valued at $321,322,000. Pioneer Investment Management Inc. lifted 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 worth $334,536,000 after acquiring an additional 4,795,145 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 worth $990,836,000 after acquiring an additional 4,413,329 shares during the last quarter. Finally, FMR LLC lifted 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 worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Citigroup Inc (NYSE C) opened at $77.11 on Wednesday. The company has a market cap of $203,880.00, a PE ratio of 14.86, a P/E/G ratio of 1.23 and a beta of 1.56. Citigroup Inc has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. analysts forecast that Citigroup Inc will post 5.25 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday. Raymond James Financial assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley raised their target price on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $100.00 target price (up previously from $95.00) on shares of Citigroup in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average target price of $78.37.

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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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