OLD National Bancorp IN Acquires 28,931 Shares of Citigroup Inc. (NYSE:C)

OLD National Bancorp IN boosted its holdings in Citigroup Inc. (NYSE:C) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,466 shares of the company’s stock after buying an additional 28,931 shares during the period. OLD National Bancorp IN’s holdings in Citigroup were worth $22,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. increased its stake in shares of Citigroup by 355.9% in the 1st quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock valued at $1,209,000 after acquiring an additional 14,922 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock worth $4,653,000 after purchasing an additional 8,593 shares during the period. Lazard Asset Management LLC raised its holdings in Citigroup by 13.4% in the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock worth $12,739,000 after purchasing an additional 23,774 shares during the period. BDF Gestion bought a new position in shares of Citigroup during the second quarter worth $3,861,000. Finally, New Mexico Educational Retirement Board grew its holdings in shares of Citigroup by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock valued at $7,300,000 after buying an additional 14,100 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

Shares of NYSE C opened at $62.85 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $61.35 and a 200 day moving average price of $61.92. The stock 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. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion during 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 quarter in the prior year, the firm posted $1.52 EPS. Analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on C. Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. The Goldman Sachs Group cut their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Morgan Stanley lowered their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America lifted their price target on shares of Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Piper Sandler raised their price objective on shares of Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. One equities research 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. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

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.