Candriam Luxembourg S.C.A. lifted its position in shares of Citigroup Inc (NYSE:C) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 562,430 shares of the financial services provider’s stock after purchasing an additional 74,950 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Citigroup were worth $43,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC grew its stake in Citigroup by 11.2% in the 2nd quarter. Icon Wealth Partners LLC now owns 5,714 shares of the financial services provider’s stock valued at $400,000 after buying an additional 576 shares during the last quarter. Advisor Partners LLC grew its stake in Citigroup by 8.2% in the 2nd quarter. Advisor Partners LLC now owns 78,622 shares of the financial services provider’s stock valued at $5,506,000 after buying an additional 5,980 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in Citigroup in the 2nd quarter valued at about $514,000. Clearstead Advisors LLC grew its stake in Citigroup by 43.7% in the 2nd quarter. Clearstead Advisors LLC now owns 8,747 shares of the financial services provider’s stock valued at $613,000 after buying an additional 2,661 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in Citigroup by 77.8% in the 2nd quarter. Banco Santander S.A. now owns 543,659 shares of the financial services provider’s stock valued at $38,073,000 after buying an additional 237,925 shares during the last quarter. Institutional investors own 76.69% of the company’s stock.
A number of analysts have issued reports on the stock. Morgan Stanley set a $78.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Friday, August 9th. UBS Group boosted their price objective on shares of Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays boosted their price objective on shares of Citigroup from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $86.00 in a report on Friday, July 26th. Finally, Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective for the company in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.75.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The company had revenue of $18.57 billion during the quarter, compared to the consensus estimate of $18.54 billion. During the same quarter in the prior year, the firm posted $1.73 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Citigroup Inc will post 7.55 EPS for the current fiscal year.
In other news, insider Michael Whitaker sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 approximately $5,821,391.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
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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