Guild Investment Management Inc. Takes Position in Citigroup Inc. (C)

Guild Investment Management Inc. bought a new position in Citigroup Inc. (NYSE:C) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,300 shares of the financial services provider’s stock, valued at approximately $531,000. Citigroup comprises about 0.6% of Guild Investment Management Inc.’s portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Narwhal Capital Management grew its holdings in shares of Citigroup by 4.7% during the third quarter. Narwhal Capital Management now owns 116,940 shares of the financial services provider’s stock valued at $8,506,000 after buying an additional 5,275 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Citigroup by 3.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,414,234 shares of the financial services provider’s stock valued at $175,612,000 after buying an additional 91,615 shares in the last quarter. Balasa Dinverno & Foltz LLC grew its holdings in shares of Citigroup by 4.2% during the third quarter. Balasa Dinverno & Foltz LLC now owns 17,032 shares of the financial services provider’s stock valued at $1,239,000 after buying an additional 690 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in shares of Citigroup by 4.4% during the third quarter. Culbertson A N & Co. Inc. now owns 26,009 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 1,100 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of Citigroup by 0.9% during the third quarter. Ingalls & Snyder LLC now owns 164,247 shares of the financial services provider’s stock valued at $11,947,000 after buying an additional 1,469 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.

A number of research analysts have recently weighed in on the company. Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a report on Monday. BMO Capital Markets reiterated a “hold” rating and set a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $78.50 price target (up previously from $77.50) on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group reiterated a “buy” rating and set a $83.00 price target (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average target price of $75.83.

Shares of Citigroup Inc. (NYSE:C) traded up $0.20 during trading hours on Friday, hitting $75.18. The company’s stock had a trading volume of 2,793,815 shares, compared to its average volume of 16,899,846. Citigroup Inc. has a 12 month low of $55.23 and a 12 month high of $77.92. The firm has a market capitalization of $199,463.52, a PE ratio of 14.54, a P/E/G ratio of 1.48 and a beta of 1.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. equities analysts forecast that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th were given a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Citigroup’s dividend payout ratio is currently 24.66%.

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About Citigroup

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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