South Dakota Investment Council Decreases Holdings in Citigroup Inc (C)

South Dakota Investment Council reduced its holdings in shares of Citigroup Inc (NYSE:C) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,361,892 shares of the financial services provider’s stock after selling 71,560 shares during the period. Citigroup comprises 2.0% of South Dakota Investment Council’s investment portfolio, making the stock its 4th largest holding. South Dakota Investment Council’s holdings in Citigroup were worth $99,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Analysts LLC lifted its position in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after purchasing an additional 205,298 shares in the last quarter. Bank of Hawaii lifted its position in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 39,898 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its position in shares of Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after purchasing an additional 5,125 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.

A number of research analysts have recently commented on the stock. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. Credit Suisse Group reissued a “buy” rating and set a $83.00 target price on shares of Citigroup in a research report on Tuesday, December 12th. Nomura boosted their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Stifel Nicolaus reissued a “hold” rating on shares of Citigroup in a research report on Monday, October 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $65.00 target price on shares of Citigroup in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $78.02.

Shares of Citigroup Inc (NYSE:C) opened at $75.65 on Thursday. The stock has a market cap of $200,020.00, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.30 and a beta of 1.56. 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 Inc has a twelve month low of $55.23 and a twelve month high of $77.92.

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

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Citigroup 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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