Jackson Wealth Management LLC raised its holdings in Citigroup Inc (NYSE:C) by 11.0% during the third quarter, HoldingsChannel reports. The firm owned 22,250 shares of the financial services provider’s stock after acquiring an additional 2,202 shares during the quarter. Jackson Wealth Management LLC’s holdings in Citigroup were worth $1,673,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of Citigroup by 109.5% during 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 in the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup during the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. boosted its holdings in shares of Citigroup by 2,317.8% during 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Citigroup by 42.4% during 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 in the last quarter. Finally, FMR LLC boosted its holdings in shares of Citigroup by 3.8% during 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 in the last quarter. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Deutsche Bank reissued a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Atlantic Securities reissued an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Finally, ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.02.
Citigroup (NYSE:C) last announced its earnings results 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 analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. Citigroup’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. equities research analysts anticipate that Citigroup Inc will post 5.25 earnings per share for the current year.
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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