Banque Pictet & Cie SA Boosts Position in Citigroup Inc (C)

Banque Pictet & Cie SA increased its position in shares of Citigroup Inc (NYSE:C) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 395,052 shares of the financial services provider’s stock after buying an additional 15,281 shares during the quarter. Banque Pictet & Cie SA’s holdings in Citigroup were worth $28,736,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its stake in Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Harris Associates L P grew its stake in Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp grew its stake in Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after purchasing an additional 1,011,532 shares in the last quarter. Finally, Boston Partners grew its stake in Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after purchasing an additional 817,162 shares in the last quarter. Institutional investors and hedge funds own 78.54% of the company’s stock.

A number of analysts have recently issued reports on the company. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Keefe, Bruyette & Woods raised their price objective on Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, BMO Capital Markets raised their price objective on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $78.02.

Shares of Citigroup Inc (C) opened at $75.41 on Friday. The firm has a market capitalization of $199,380.00, a P/E ratio of 14.53, a P/E/G ratio of 1.29 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. analysts predict that Citigroup Inc will post 5.28 earnings per share for the current 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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