Citigroup Inc. (C) Position Held by Orca Investment Management LLC
Orca Investment Management LLC continued to hold its stake in shares of Citigroup Inc. (NYSE:C) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,165 shares of the financial services provider’s stock at the end of the third quarter. Orca Investment Management LLC’s holdings in Citigroup were worth $669,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. UMB Bank N A MO raised its position in Citigroup by 0.5% in the second quarter. UMB Bank N A MO now owns 6,721 shares of the financial services provider’s stock valued at $285,000 after buying an additional 36 shares in the last quarter. Tarbox Group Inc. raised its position in Citigroup by 0.8% in the third quarter. Tarbox Group Inc. now owns 4,799 shares of the financial services provider’s stock valued at $227,000 after buying an additional 40 shares in the last quarter. Financial Architects Inc raised its position in Citigroup by 0.5% in the third quarter. Financial Architects Inc now owns 8,828 shares of the financial services provider’s stock valued at $417,000 after buying an additional 41 shares in the last quarter. Pitcairn Co. raised its position in Citigroup by 0.5% in the second quarter. Pitcairn Co. now owns 10,299 shares of the financial services provider’s stock valued at $437,000 after buying an additional 53 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its position in Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares in the last quarter. 70.75% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc. (NYSE:C) traded up 0.68% during mid-day trading on Friday, hitting $59.63. The stock had a trading volume of 21,045,164 shares. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $61.63. The firm has a market cap of $169.93 billion, a P/E ratio of 12.97 and a beta of 1.75. The stock has a 50 day moving average of $59.28 and a 200-day moving average of $50.20.
Citigroup (NYSE:C) last released its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The company earned $17.80 billion during the quarter, compared to the consensus estimate of $17.32 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts predict that Citigroup Inc. will post $4.70 EPS for the current fiscal year.
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Several equities research analysts recently commented on the company. Vetr downgraded Citigroup from a “buy” rating to a “hold” rating and set a $63.37 target price on the stock. in a report on Wednesday, January 4th. Atlantic Securities upgraded Citigroup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $60.80 to $70.00 in a report on Wednesday, December 21st. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, December 19th. Finally, Barclays PLC raised their target price on Citigroup from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.49.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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