Bleakley Financial Group LLC Cuts Position in Citigroup Inc. (NYSE:C)

Bleakley Financial Group LLC trimmed its stake in Citigroup Inc. (NYSE:C) by 30.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,395 shares of the company’s stock after selling 8,509 shares during the period. Bleakley Financial Group LLC’s holdings in Citigroup were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of C. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Citigroup by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after acquiring an additional 8,593 shares during the last quarter. Lazard Asset Management LLC grew its stake in Citigroup by 13.4% during the 1st quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after buying an additional 23,774 shares during the last quarter. BDF Gestion purchased a new position in Citigroup during the 2nd quarter worth $3,861,000. New Mexico Educational Retirement Board lifted its position in Citigroup by 13.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock worth $7,300,000 after acquiring an additional 14,100 shares during the period. Finally, Advisory Services Network LLC lifted its position in Citigroup by 23.8% during the 1st quarter. Advisory Services Network LLC now owns 66,509 shares of the company’s stock worth $4,206,000 after acquiring an additional 12,795 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

NYSE:C opened at $62.85 on Monday. The firm has a market capitalization of $119.88 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The business’s fifty day moving average price is $61.35 and its 200 day moving average price is $61.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $67.81.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley lowered their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Oppenheimer decreased their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Finally, Barclays boosted their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $71.06.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.