Lecap Asset Management Ltd. Acquires New Holdings in Citigroup Inc. (NYSE:C)

Lecap Asset Management Ltd. bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,652 shares of the company’s stock, valued at approximately $2,232,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. AdvisorNet Financial Inc grew its holdings in Citigroup by 20.3% during the first quarter. AdvisorNet Financial Inc now owns 8,037 shares of the company’s stock worth $508,000 after acquiring an additional 1,357 shares during the period. Global Assets Advisory LLC acquired a new position in Citigroup in the first quarter worth approximately $2,074,000. Riverview Trust Co bought a new position in shares of Citigroup in the first quarter valued at $50,000. First Financial Corp IN lifted its position in shares of Citigroup by 116.3% during the 1st quarter. First Financial Corp IN now owns 1,324 shares of the company’s stock valued at $84,000 after acquiring an additional 712 shares during the last quarter. Finally, RMR Wealth Builders boosted its stake in shares of Citigroup by 2.8% during the 1st quarter. RMR Wealth Builders now owns 10,686 shares of the company’s stock worth $676,000 after acquiring an additional 296 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

C has been the subject of several analyst reports. Argus upped their target price on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. Oppenheimer decreased their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. BMO Capital Markets upped their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Finally, Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Performance

Shares of NYSE C opened at $63.55 on Wednesday. Citigroup Inc. has a one year low of $38.17 and a one year high of $67.81. The business’s 50-day moving average price is $61.43 and its two-hundred 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. The company has a market capitalization of $121.22 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44.

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

Citigroup Company 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.