Sargent Investment Group LLC Purchases New Holdings in Citigroup Inc (C)

Sargent Investment Group LLC bought a new position in Citigroup Inc (NYSE:C) in the fourth quarter, Holdings Channel reports. The firm bought 7,160 shares of the financial services provider’s stock, valued at approximately $373,000.

Several other institutional investors also recently made changes to their positions in C. Bank of New York Mellon Corp boosted its holdings in shares of Citigroup by 96,369.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after purchasing an additional 41,535,375 shares during the period. Oregon Public Employees Retirement Fund raised its position in Citigroup by 5,064.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 39,262,981 shares in the last quarter. Senator Investment Group LP bought a new stake in Citigroup during the 3rd quarter valued at $134,512,000. Diamond Hill Capital Management Inc. raised its position in Citigroup by 18.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 10,852,478 shares of the financial services provider’s stock valued at $564,980,000 after purchasing an additional 1,721,014 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC raised its position in Citigroup by 6,592.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 1,629,907 shares of the financial services provider’s stock valued at $24,356,000 after purchasing an additional 1,605,551 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

A number of equities research analysts have weighed in on C shares. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price for the company in a research report on Wednesday, December 26th. BMO Capital Markets raised Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 target price on the stock in a research report on Tuesday, January 15th. They noted that the move was a valuation call. Morgan Stanley reduced their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, December 11th. Finally, Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $77.33.



In related news, insider Michael Whitaker sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider W. Bradford Hu sold 5,420 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

NYSE C opened at $64.11 on Friday. The stock has a market capitalization of $164.77 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.68. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $75.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last released its quarterly earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. Citigroup’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts expect that Citigroup Inc will post 7.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.81%. Citigroup’s dividend payout ratio is presently 27.07%.

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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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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