Independent Order of Foresters Has $369,000 Holdings in Citigroup (C)

Independent Order of Foresters decreased its position in Citigroup (NYSE:C) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,955 shares of the financial services provider’s stock after selling 2,220 shares during the quarter. Independent Order of Foresters’ holdings in Citigroup were worth $369,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in C. Advisory Services Network LLC increased its position in shares of Citigroup by 1.8% during the second quarter. Advisory Services Network LLC now owns 14,914 shares of the financial services provider’s stock valued at $997,000 after buying an additional 260 shares during the period. Linscomb & Williams Inc. increased its position in shares of Citigroup by 8.0% during the fourth quarter. Linscomb & Williams Inc. now owns 8,787 shares of the financial services provider’s stock valued at $654,000 after buying an additional 654 shares during the period. Pillar Pacific Capital Management LLC increased its position in shares of Citigroup by 0.6% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 119,037 shares of the financial services provider’s stock valued at $8,857,000 after buying an additional 660 shares during the period. Logan Capital Management Inc. increased its position in shares of Citigroup by 20.0% during the fourth quarter. Logan Capital Management Inc. now owns 4,124 shares of the financial services provider’s stock valued at $307,000 after buying an additional 687 shares during the period. Finally, Balasa Dinverno & Foltz LLC increased its position in shares of Citigroup by 4.2% during the third quarter. Balasa Dinverno & Foltz LLC now owns 17,032 shares of the financial services provider’s stock valued at $1,239,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 80.16% of the company’s stock.

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C has been the topic of several research analyst reports. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Nomura set a $87.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Vetr cut shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price target on the stock. in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. Citigroup currently has an average rating of “Hold” and a consensus price target of $79.69.

Shares of NYSE C opened at $67.50 on Monday. The company has a market capitalization of $173,479.45, a PE ratio of 12.66, a PEG ratio of 0.98 and a beta of 1.56. Citigroup has a 52-week low of $57.55 and a 52-week high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. research analysts anticipate that Citigroup will post 6.39 earnings per share for the current year.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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