Fifth Third Bancorp significantly increased its stake in Citigroup Inc. by 15.5% in the third quarter, acquiring 19,315 additional shares to hold a total of 144,179 shares valued at $14.63 million. Other institutional investors also adjusted their positions, resulting in institutional ownership of 71.72% of the stock. Citigroup recently reported better-than-expected EPS but missed revenue estimates, declared a quarterly dividend, and holds a “Moderate Buy” consensus rating from analysts with an average price target near $126.19.
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Fifth Third Bancorp Boosts Stock Holdings in Citigroup Inc. $C
Fifth Third Bancorp significantly increased its stake in Citigroup Inc. by 15.5% in the third quarter, acquiring 19,315 additional shares to hold a total of 144,179 shares valued at $14.63 million. Other institutional investors also adjusted their positions, resulting in institutional ownership of 71.72% of the stock. Citigroup recently reported better-than-expected EPS but missed revenue estimates, declared a quarterly dividend, and holds a “Moderate Buy” consensus rating from analysts with an average price target near $126.19.