Schroder Investment Management Group reduced its holdings in Citigroup Inc (NYSE:C) by 10.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,016,659 shares of the financial services provider’s stock after selling 943,973 shares during the period. Citigroup makes up 1.0% of Schroder Investment Management Group’s portfolio, making the stock its 11th largest holding. Schroder Investment Management Group owned approximately 0.30% of Citigroup worth $582,410,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Catamount Wealth Management purchased a new position in shares of Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Balentine LLC boosted its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Citigroup during the 2nd quarter worth about $123,000. 78.54% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc (NYSE C) opened at $76.84 on Friday. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $203,165.09, a PE ratio of 14.81, a PEG ratio of 1.23 and a beta of 1.56.
C has been the subject of a number of recent analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Wells Fargo & Co reiterated a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a report on Wednesday, September 27th. Finally, Nomura lifted their price objective on shares of Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $77.92.
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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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