The Citigroup Inc. (C) Stake Raised by Pekin Singer Strauss Asset Management IL

The Citigroup Inc. (C) Stake Raised by Pekin Singer Strauss Asset Management IL

Pekin Singer Strauss Asset Management IL raised its position in Citigroup Inc. (NYSE:C) by 79.1% during the third quarter, Holdings Channel reports. The institutional investor owned 15,859 shares of the financial services provider’s stock after buying an additional 7,005 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Citigroup were worth $749,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Narwhal Capital Management raised its stake in Citigroup by 19.0% in the third quarter. Narwhal Capital Management now owns 84,720 shares of the financial services provider’s stock valued at $4,001,000 after buying an additional 13,520 shares in the last quarter. Huntington National Bank raised its stake in Citigroup by 2.0% in the third quarter. Huntington National Bank now owns 15,035 shares of the financial services provider’s stock valued at $710,000 after buying an additional 292 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Citigroup by 1.0% in the third quarter. Advisors Asset Management Inc. now owns 21,598 shares of the financial services provider’s stock valued at $1,020,000 after buying an additional 211 shares in the last quarter. APG Asset Management N.V. raised its stake in Citigroup by 11.4% in the third quarter. APG Asset Management N.V. now owns 9,793,577 shares of the financial services provider’s stock valued at $462,551,000 after buying an additional 1,004,841 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT purchased a new stake in Citigroup during the third quarter valued at $256,000. Hedge funds and other institutional investors own 70.69% of the company’s stock.

Shares of Citigroup Inc. (NYSE:C) traded down 1.27% on Thursday, reaching $56.66. The company had a trading volume of 24,932,449 shares. The company’s 50 day moving average price is $59.50 and its 200-day moving average price is $50.55. The stock has a market capitalization of $161.47 billion, a P/E ratio of 12.32 and a beta of 1.75. Citigroup Inc. has a 1-year low of $34.52 and a 1-year high of $61.63.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 18th. The financial services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $17 billion for the quarter, compared to analysts’ expectations of $17.26 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Equities analysts predict that Citigroup Inc. will post $5.24 EPS for the current year.

A number of brokerages have issued reports on C. Jefferies Group set a $36.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Saturday, November 19th. Vetr cut Citigroup from a “hold” rating to a “sell” rating and set a $58.21 price objective for the company. in a research note on Thursday, December 8th. Morgan Stanley upgraded Citigroup from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Wednesday, November 30th. Deutsche Bank AG lifted their price objective on Citigroup from $49.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, November 30th. Finally, CLSA reiterated a “buy” rating and set a $80.00 price objective on shares of Citigroup in a research note on Friday, January 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.36.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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