Citigroup Inc. (NYSE:C) Holdings Boosted by New Century Financial Group LLC

New Century Financial Group LLC grew its holdings in Citigroup Inc. (NYSE:C) by 140.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,004 shares of the company’s stock after purchasing an additional 18,682 shares during the period. Citigroup makes up 0.7% of New Century Financial Group LLC’s portfolio, making the stock its 29th biggest position. New Century Financial Group LLC’s holdings in Citigroup were worth $2,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of C. Spectrum Financial Alliance Ltd LLC boosted its holdings in shares of Citigroup by 2.2% during the third quarter. Spectrum Financial Alliance Ltd LLC now owns 569,873 shares of the company’s stock worth $35,674,000 after purchasing an additional 12,238 shares during the period. Everett Harris & Co. CA lifted its position in Citigroup by 18.0% in the 3rd quarter. Everett Harris & Co. CA now owns 23,131 shares of the company’s stock worth $1,448,000 after buying an additional 3,523 shares in the last quarter. Clarity Wealth Advisors LLC boosted its stake in shares of Citigroup by 7.5% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 75,632 shares of the company’s stock valued at $4,735,000 after buying an additional 5,270 shares during the period. Raymond James & Associates grew its holdings in shares of Citigroup by 16.6% during the 3rd quarter. Raymond James & Associates now owns 1,987,362 shares of the company’s stock valued at $124,409,000 after acquiring an additional 282,825 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Citigroup by 4.8% in the third quarter. First Citizens Bank & Trust Co. now owns 5,418 shares of the company’s stock worth $339,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on C shares. Evercore ISI boosted their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday. Argus boosted their price target on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. BMO Capital Markets lifted their target price on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Bank of America increased their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Price Performance

NYSE:C opened at $62.85 on Friday. The company has a fifty day moving average price of $61.35 and a 200 day moving average price of $61.92. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $119.88 billion, a P/E ratio of 17.61, a PEG ratio of 0.74 and a beta of 1.44.

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

Citigroup Profile

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.