Sumitomo Mitsui Trust Group Inc. Has $459.59 Million Holdings in Citigroup Inc. $C

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Citigroup Inc. (NYSE:CFree Report) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,527,943 shares of the company’s stock after acquiring an additional 45,746 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Citigroup worth $459,586,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. FMB Wealth Management lifted its holdings in shares of Citigroup by 4.1% in the third quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock valued at $266,000 after purchasing an additional 103 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Citigroup by 2.1% in the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock worth $506,000 after purchasing an additional 104 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock worth $265,000 after purchasing an additional 109 shares during the last quarter. Highline Wealth Partners LLC grew its position in Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after purchasing an additional 109 shares in the last quarter. Finally, Fullcircle Wealth LLC lifted its position in Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Trading Up 0.6%

Shares of NYSE:C opened at $121.33 on Monday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The business has a 50 day moving average of $109.15 and a 200-day moving average of $100.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market cap of $217.08 billion, a PE ratio of 17.04, a P/E/G ratio of 0.47 and a beta of 1.18.

Citigroup (NYSE:CGet Free Report) last announced its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on C shares. TD Cowen raised their price objective on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. UBS Group reissued a “neutral” rating and set a $108.00 price target on shares of Citigroup in a research report on Monday, November 24th. Bank of America boosted their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company set a $150.00 price objective on Citigroup in a report on Monday, January 5th. Finally, Cowen reiterated a “hold” rating on shares of Citigroup in a research note on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.94.

View Our Latest Stock Report on C

Citigroup News Summary

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Citigroup Profile

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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