Lake Street Financial LLC Has $361,000 Holdings in Citigroup Inc (NYSE:C)

Lake Street Financial LLC boosted its stake in shares of Citigroup Inc (NYSE:C) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,221 shares of the financial services provider’s stock after buying an additional 254 shares during the period. Lake Street Financial LLC’s holdings in Citigroup were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of C. Nuveen Asset Management LLC increased its holdings in shares of Citigroup by 1,638.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock valued at $1,611,674,000 after purchasing an additional 21,690,409 shares during the period. Invesco Ltd. increased its holdings in shares of Citigroup by 27.8% in the 2nd quarter. Invesco Ltd. now owns 48,104,326 shares of the financial services provider’s stock valued at $3,368,746,000 after purchasing an additional 10,457,813 shares during the period. APG Asset Management N.V. increased its holdings in shares of Citigroup by 81.7% in the 2nd quarter. APG Asset Management N.V. now owns 9,426,403 shares of the financial services provider’s stock valued at $579,672,000 after purchasing an additional 4,238,700 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Citigroup by 29.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,228,198 shares of the financial services provider’s stock valued at $716,281,000 after purchasing an additional 2,322,201 shares during the period. Finally, Balyasny Asset Management LLC increased its holdings in shares of Citigroup by 287.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,585,216 shares of the financial services provider’s stock valued at $181,043,000 after purchasing an additional 1,917,339 shares during the period. Hedge funds and other institutional investors own 76.69% of the company’s stock.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the sale, the insider now owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Shares of NYSE C opened at $69.74 on Friday. The stock has a market cap of $157.23 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.79 and a beta of 1.80. The business has a 50 day simple moving average of $68.24 and a 200 day simple moving average of $67.62. Citigroup Inc has a 52 week low of $48.42 and a 52 week high of $73.08. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.00.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.12. The firm had revenue of $18.57 billion during the quarter, compared to analysts’ expectations of $18.54 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. On average, analysts predict that Citigroup Inc will post 7.55 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Bank of America downgraded Citigroup to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on Citigroup from $81.00 to $77.50 and set an “overweight” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets cut Citigroup to a “hold” rating in a research note on Friday, July 26th. UBS Group boosted their price target on Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $86.00 in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.75.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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