Abner Herrman & Brock LLC cut its position in shares of Citigroup Inc (NYSE:C) by 27.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 142,445 shares of the financial services provider’s stock after selling 53,148 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Citigroup were worth $7,416,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of C. Csenge Advisory Group bought a new stake in shares of Citigroup during the 3rd quarter worth $104,000. Trust Asset Management LLC boosted its stake in shares of Citigroup by 3,894.4% during the 3rd quarter. Trust Asset Management LLC now owns 347,150 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 338,459 shares in the last quarter. Arlington Partners LLC bought a new stake in shares of Citigroup during the 3rd quarter worth $143,000. Almanack Investment Partners LLC. bought a new stake in shares of Citigroup during the 3rd quarter worth $150,000. Finally, Peoples Financial Services CORP. boosted its stake in shares of Citigroup by 82.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 72.67% of the company’s stock.
C traded up $0.52 during trading on Friday, reaching $56.96. 891,784 shares of the stock traded hands, compared to its average volume of 23,926,572. The stock has a market cap of $144.90 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.66 and a beta of 1.56. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.32.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same quarter last year, the firm earned $1.42 earnings per share. As a group, sell-side analysts forecast that Citigroup Inc will post 6.63 earnings per share for the current fiscal year.
Several analysts have recently commented on C shares. Wolfe Research started coverage on Citigroup in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. Deutsche Bank raised their target price on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. ValuEngine cut Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Vining Sparks reaffirmed a “buy” rating and issued a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. Finally, BMO Capital Markets raised their target price on Citigroup to $92.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.52.
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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