Citigroup Inc (C) Shares Bought by Cipher Capital LP

Cipher Capital LP grew its stake in Citigroup Inc (NYSE:C) by 260.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 123,330 shares of the financial services provider’s stock after acquiring an additional 89,071 shares during the period. Citigroup comprises 0.7% of Cipher Capital LP’s investment portfolio, making the stock its 9th biggest holding. Cipher Capital LP’s holdings in Citigroup were worth $8,971,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in C. HighTower Advisors LLC grew its holdings in shares of Citigroup by 13.8% in the first quarter. HighTower Advisors LLC now owns 248,873 shares of the financial services provider’s stock valued at $14,899,000 after purchasing an additional 30,172 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Citigroup in the first quarter valued at approximately $527,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Citigroup by 0.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 64,190 shares of the financial services provider’s stock valued at $3,840,000 after purchasing an additional 590 shares in the last quarter. 10 15 Associates Inc. grew its holdings in shares of Citigroup by 7.7% in the first quarter. 10 15 Associates Inc. now owns 3,929 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 280 shares in the last quarter. Finally, Covington Capital Management grew its holdings in shares of Citigroup by 40.0% in the first quarter. Covington Capital Management now owns 156,264 shares of the financial services provider’s stock valued at $9,348,000 after purchasing an additional 44,615 shares in the last quarter. 78.54% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Inc (NYSE C) opened at $75.41 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a market cap of $199,380.00, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.29 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, topping 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 company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. equities analysts forecast that Citigroup Inc will post 5.28 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on C. Credit Suisse Group restated a “buy” rating and issued a $86.00 price objective on shares of Citigroup in a report on Thursday. Barclays lifted their price objective on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wells Fargo & Co set a $95.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.02.

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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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