B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in Citigroup Inc (NYSE:C) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,069 shares of the financial services provider’s stock, valued at approximately $1,727,000.
Several other hedge funds and other institutional investors have also modified their holdings of C. Evolution Wealth Advisors LLC bought a new stake in Citigroup during the 4th quarter valued at about $29,000. Larson Financial Group LLC bought a new position in Citigroup in the 4th quarter worth about $29,000. Blume Capital Management Inc. grew its stake in Citigroup by 4,615.4% in the 4th quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 600 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new position in Citigroup in the 4th quarter worth about $32,000. Finally, Acima Private Wealth LLC purchased a new position in shares of Citigroup during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.
Several equities analysts have recently commented on the company. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, December 11th. Standpoint Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Monday, December 10th. Jefferies Financial Group raised shares of Citigroup from a “hold” rating to a “buy” rating and raised their target price for the company from $64.00 to $73.00 in a research report on Friday, February 22nd. Finally, Macquarie raised shares of 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 assigned a hold rating and fourteen have given a buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $77.84.
In other news, 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 transaction of $442,680.00. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
Shares of NYSE C opened at $65.55 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $169.16 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.83 and a beta of 1.67. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24.
Citigroup (NYSE:C) last announced its earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Citigroup Inc will post 7.43 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was published by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.thestockobserver.com/2019/04/07/b-s-pension-fund-trustee-ltd-acting-for-the-british-steel-pension-fund-invests-1-73-million-in-citigroup-inc-c.html.
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).
Featured Story: Net Margin – Understanding the Different Kinds of Profit
Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.