6 Meridian Buys 1,362 Shares of Citigroup Inc (NYSE:C)

6 Meridian increased its stake in shares of Citigroup Inc (NYSE:C) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 124,052 shares of the financial services provider’s stock after purchasing an additional 1,362 shares during the quarter. 6 Meridian’s holdings in Citigroup were worth $9,911,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Principle Wealth Partners LLC grew its position in shares of Citigroup by 4.5% during the 3rd quarter. Principle Wealth Partners LLC now owns 3,075 shares of the financial services provider’s stock worth $212,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC grew its position in shares of Citigroup by 3.7% during the 3rd quarter. Ridgewood Investments LLC now owns 4,085 shares of the financial services provider’s stock worth $282,000 after buying an additional 146 shares in the last quarter. Prospera Financial Services Inc grew its position in shares of Citigroup by 2.5% during the 3rd quarter. Prospera Financial Services Inc now owns 6,603 shares of the financial services provider’s stock worth $456,000 after buying an additional 160 shares in the last quarter. First Financial Corp IN grew its position in shares of Citigroup by 12.1% during the 3rd quarter. First Financial Corp IN now owns 1,491 shares of the financial services provider’s stock worth $103,000 after buying an additional 161 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC grew its position in shares of Citigroup by 1.4% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 11,963 shares of the financial services provider’s stock worth $826,000 after buying an additional 166 shares in the last quarter. 76.95% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on C shares. DA Davidson started coverage on Citigroup in a research note on Thursday, January 9th. They set a “buy” rating and a $96.00 price objective for the company. Bank of America upped their price objective on Citigroup from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Deutsche Bank cut Citigroup from a “buy” rating to a “hold” rating and upped their price objective for the stock from $84.00 to $88.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Goldman Sachs Group upped their price objective on Citigroup from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. Citigroup presently has an average rating of “Buy” and an average target price of $86.24.

Shares of NYSE:C opened at $80.65 on Tuesday. Citigroup Inc has a 52-week low of $55.70 and a 52-week high of $81.26. The stock has a market cap of $173.02 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.83 and a beta of 1.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $77.64 and a 200-day moving average price of $71.57.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.95 by $0.12. The firm had revenue of $18.57 billion for the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. Citigroup’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. As a group, equities analysts anticipate that Citigroup Inc will post 7.5 EPS for the current fiscal year.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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