Welch Capital Partners LLC NY Decreases Stake in Citigroup Inc (C)

Welch Capital Partners LLC NY reduced its position in Citigroup Inc (NYSE:C) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,173 shares of the financial services provider’s stock after selling 7,790 shares during the period. Citigroup comprises approximately 5.3% of Welch Capital Partners LLC NY’s holdings, making the stock its 2nd largest position. Welch Capital Partners LLC NY’s holdings in Citigroup were worth $15,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in C. Lazard Asset Management LLC lifted its stake in shares of Citigroup by 109.5% in the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after buying an additional 4,856,866 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Citigroup in the second quarter worth $321,322,000. Pioneer Investment Management Inc. lifted its stake in shares of Citigroup by 2,317.8% in the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock worth $334,536,000 after buying an additional 4,795,145 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock worth $990,836,000 after acquiring an additional 4,413,329 shares during the period. Finally, FMR LLC increased its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

C has been the topic of a number of research reports. Raymond James Financial initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley boosted their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Jefferies Group set a $81.00 price target on shares of Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. Nomura upped their target price on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, BMO Capital Markets upped their target price on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and an average price target of $77.92.

Citigroup Inc (NYSE:C) traded up $1.28 during trading on Monday, reaching $76.84. 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 12-month low of $55.23 and a 12-month high of $77.92. The firm has a market cap of $203,170.00, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. equities analysts expect that Citigroup Inc will post 5.25 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by BBNS and is owned by of BBNS. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/welch-capital-partners-llc-ny-has-15-87-million-holdings-in-citigroup-inc-c/1817608.html.

Citigroup Company 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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.