Schroder Investment Management Group Sells 943,973 Shares of Citigroup Inc (C)

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.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. sell-side analysts expect that Citigroup Inc will post 5.25 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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