Wade G W & Inc. boosted its stake in Citigroup Inc (NYSE:C) by 14.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,841 shares of the financial services provider’s stock after purchasing an additional 1,332 shares during the period. Wade G W & Inc.’s holdings in Citigroup were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Leisure Capital Management increased its stake in Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the period. Halbert Hargrove Russell LLC increased its stake in shares of Citigroup by 1.6% during the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after buying an additional 74 shares during the period. Usca Ria LLC increased its stake in shares of Citigroup by 0.3% during the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after buying an additional 90 shares during the period. Davis R M Inc. increased its stake in shares of Citigroup by 2.2% during the second quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after buying an additional 92 shares during the period. Finally, Hartland & Co. LLC increased its stake in shares of Citigroup by 1.2% during the second quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock valued at $554,000 after buying an additional 97 shares during the period. 78.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citigroup Inc (NYSE C) opened at $76.84 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $77.92. The firm has a market capitalization of $203,165.09, a P/E ratio of 14.81, a P/E/G ratio of 1.23 and a beta of 1.56.

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

Several equities analysts have recently issued reports on C shares. Credit Suisse Group reissued a “buy” rating and set a $83.00 target price (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 Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and set a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Nomura boosted their target price on Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research note 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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