Ostrum Asset Management Takes Position in Citigroup Inc (C)

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Ostrum Asset Management purchased a new stake in shares of Citigroup Inc (NYSE:C) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,597 shares of the financial services provider’s stock, valued at approximately $1,458,000.

Several other hedge funds have also made changes to their positions in the stock. Stelac Advisory Services LLC purchased a new stake in shares of Citigroup in the 1st quarter worth about $116,000. Risk Paradigm Group LLC increased its stake in Citigroup by 829.2% during the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,733 shares in the last quarter. Bedel Financial Consulting Inc. bought a new stake in Citigroup during the 1st quarter valued at about $133,000. Twin Tree Management LP increased its stake in Citigroup by 100.4% during the 1st quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 535,686 shares in the last quarter. Finally, Clearwater Capital Advisors LLC bought a new stake in Citigroup during the 1st quarter valued at about $143,000. Institutional investors own 76.54% of the company’s stock.

A number of brokerages have recently commented on C. ValuEngine lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $76.00 price target on shares of Citigroup in a report on Friday, April 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $74.00 target price on shares of Citigroup in a report on Thursday, April 5th. Morgan Stanley decreased their price target on shares of Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. Finally, Daiwa Capital Markets cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price objective on the stock. in a research report on Thursday, May 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.78.

Shares of Citigroup stock opened at $66.92 on Friday. The stock has a market cap of $171.89 billion, a PE ratio of 12.56, a P/E/G ratio of 0.96 and a beta of 1.51. Citigroup Inc has a one year low of $64.38 and a one year high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Citigroup Inc will post 6.49 earnings per share for the current year.

In other news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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