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

OLD National Bancorp IN increased its stake in shares of Citigroup Inc. (NYSE:C) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 359,466 shares of the company’s stock after acquiring an additional 28,931 shares during the quarter. OLD National Bancorp IN’s holdings in Citigroup were worth $22,503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. DMC Group LLC increased its position in Citigroup by 2.0% during the 3rd quarter. DMC Group LLC now owns 15,161 shares of the company’s stock worth $949,000 after buying an additional 301 shares during the period. New Century Financial Group LLC grew its stake in shares of Citigroup by 140.2% in the third quarter. New Century Financial Group LLC now owns 32,004 shares of the company’s stock valued at $2,003,000 after acquiring an additional 18,682 shares in the last quarter. Spectrum Financial Alliance Ltd LLC increased its position in 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 acquiring an additional 12,238 shares during the period. Everett Harris & Co. CA raised its stake 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 purchasing an additional 3,523 shares in the last quarter. Finally, Clarity Wealth Advisors LLC boosted its holdings in Citigroup by 7.5% in the 3rd quarter. Clarity Wealth Advisors LLC now owns 75,632 shares of the company’s stock valued at $4,735,000 after purchasing an additional 5,270 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 1.8 %

Shares of NYSE:C opened at $62.85 on Friday. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $67.81. The company 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. 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 company has a fifty day moving average of $61.35 and a 200-day moving average of $61.92.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. On average, equities analysts predict that Citigroup Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

C has been the topic of several recent research reports. Oppenheimer lowered their target price on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday. Morgan Stanley decreased their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday. Evercore ISI upped their price objective on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a research report on Wednesday. The Goldman Sachs Group decreased their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Piper Sandler upped their price target 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 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.