Guild Investment Management Inc. reduced its stake in shares of Citigroup Inc (NYSE:C) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,740 shares of the financial services provider’s stock after selling 7,040 shares during the quarter. Citigroup accounts for approximately 2.4% of Guild Investment Management Inc.’s portfolio, making the stock its 22nd largest holding. Guild Investment Management Inc.’s holdings in Citigroup were worth $1,709,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC grew its stake in shares of Citigroup by 1,638.7% in the second quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock worth $1,611,674,000 after purchasing an additional 21,690,409 shares during the last quarter. Invesco Ltd. grew its stake in shares of Citigroup by 27.8% in the second quarter. Invesco Ltd. now owns 48,104,326 shares of the financial services provider’s stock worth $3,368,746,000 after purchasing an additional 10,457,813 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Citigroup by 81.7% in the second quarter. APG Asset Management N.V. now owns 9,426,403 shares of the financial services provider’s stock worth $579,672,000 after purchasing an additional 4,238,700 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Citigroup by 29.4% in the second quarter. UBS Asset Management Americas Inc. now owns 10,228,198 shares of the financial services provider’s stock worth $716,281,000 after purchasing an additional 2,322,201 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Citigroup by 287.1% in the second quarter. Balyasny Asset Management LLC now owns 2,585,216 shares of the financial services provider’s stock worth $181,043,000 after purchasing an additional 1,917,339 shares during the last quarter. 76.69% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael Whitaker sold 7,500 shares of Citigroup stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the transaction, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Several analysts recently issued reports on C shares. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. BMO Capital Markets cut Citigroup to a “hold” rating in a research note on Friday, July 26th. Barclays raised their target price on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 target price on the stock in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $86.00 in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $79.75.

C traded down $0.69 on Wednesday, hitting $70.53. The company had a trading volume of 2,804,745 shares, compared to its average volume of 12,198,125. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a 52-week low of $48.42 and a 52-week high of $73.08. The stock has a fifty day simple moving average of $67.79 and a 200-day simple moving average of $67.50. The firm has a market capitalization of $158.36 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.76 and a beta of 1.80.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The business had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. During the same period last year, the business posted $1.73 earnings per share. Citigroup’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc will post 7.54 earnings per share for the current fiscal year.

Citigroup Company Profile

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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