Capital Investment Advisors LLC decreased its holdings in shares of Citigroup Inc (NYSE:C) by 3.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 75,449 shares of the financial services provider’s stock after selling 2,560 shares during the quarter. Capital Investment Advisors LLC’s holdings in Citigroup were worth $4,694,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of C. Bank of New York Mellon Corp grew its holdings in shares of Citigroup by 96,369.8% during the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock valued at $2,982,839,000 after buying an additional 41,535,375 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Citigroup by 5,064.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after buying an additional 39,262,981 shares in the last quarter. Norges Bank purchased a new position in shares of Citigroup during the fourth quarter valued at $1,383,526,000. ValueAct Holdings L.P. grew its holdings in shares of Citigroup by 20.2% during the fourth quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock valued at $1,641,218,000 after buying an additional 5,300,000 shares in the last quarter. Finally, Lakewood Capital Management LP grew its holdings in shares of Citigroup by 75.1% during the fourth quarter. Lakewood Capital Management LP now owns 6,071,500 shares of the financial services provider’s stock valued at $316,082,000 after buying an additional 2,605,000 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Whitaker sold 7,000 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
A number of research analysts have recently weighed in on C shares. Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target on the stock in a report on Wednesday, December 26th. Barclays lowered their target price on Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research note on Friday, January 4th. Macquarie upgraded Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, Morgan Stanley lowered their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $80.61.
Shares of NYSE C opened at $69.31 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.30. Citigroup Inc has a one year low of $48.42 and a one year high of $75.24. The stock has a market capitalization of $173.33 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.80 and a beta of 1.68.
Citigroup (NYSE:C) last issued its earnings results on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The firm had revenue of $18.58 billion for the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc will post 7.42 EPS for the current fiscal year.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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