Catalyst Capital Advisors LLC held its position in shares of Citigroup Inc. (NYSE:C) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,800 shares of the financial services provider’s stock at the end of the first quarter. Catalyst Capital Advisors LLC’s holdings in Citigroup were worth $1,783,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of C. Arrow Financial Corp increased its stake in shares of Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock valued at $113,000 after buying an additional 85 shares during the period. Advantage Investment Management LLC increased its stake in shares of Citigroup by 109.3% in the first quarter. Advantage Investment Management LLC now owns 1,965 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,026 shares during the period. Pinnacle Bank acquired a new stake in shares of Citigroup during the first quarter valued at about $123,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Citigroup during the first quarter valued at about $123,000. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Citigroup during the fourth quarter valued at about $124,000. Institutional investors own 74.24% of the company’s stock.
Shares of Citigroup Inc. (NYSE:C) opened at 67.91 on Monday. The stock has a 50 day moving average of $62.66 and a 200 day moving average of $60.18. The firm has a market cap of $186.97 billion, a price-to-earnings ratio of 13.69 and a beta of 1.48. Citigroup Inc. has a 52-week low of $41.62 and a 52-week high of $68.91. Citigroup also was the target of unusually large options trading activity on Friday. Traders bought 87,655 call options on the stock. This represents an increase of 113% compared to the average daily volume of 41,215 call options.
Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $17.75 billion. Citigroup had a net margin of 18.55% and a return on equity of 7.38%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Equities analysts predict that Citigroup Inc. will post $5.18 EPS for the current fiscal year.
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Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 price target on shares of Citigroup in a report on Friday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 price target (up previously from $77.00) on shares of Citigroup in a report on Thursday, May 4th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.38 price target on the stock in a report on Tuesday, March 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus price target of $64.91.
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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