Stamos Capital Partners L.P. purchased a new stake in Citigroup Inc (NYSE:C) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,340 shares of the financial services provider’s stock, valued at approximately $70,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Citigroup by 96,369.8% during the 3rd 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 acquiring an additional 41,535,375 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of 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 acquiring an additional 39,262,981 shares during the period. Senator Investment Group LP bought a new stake in shares of Citigroup during the 3rd quarter valued at $134,512,000. Diamond Hill Capital Management Inc. lifted its position in shares of 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 acquiring an additional 1,721,014 shares during the period. Finally, Matthew Goff Investment Advisor LLC lifted its position in shares of 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 acquiring an additional 1,605,551 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.
In other Citigroup news, insider Michael Whitaker sold 7,000 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider W. Bradford Hu sold 5,420 shares of the company’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 disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
Citigroup (NYSE:C) last issued its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The business had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc will post 7.45 EPS for the current year.
A number of research firms have recently weighed in on C. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, December 11th. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Credit Suisse Group lowered their price target on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, December 7th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, December 10th. Finally, Jefferies Financial Group raised Citigroup from a “hold” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $73.00 in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $77.80.
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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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