Bell & Brown Wealth Advisors LLC Has $805,000 Position in Citigroup Inc (C)

Bell & Brown Wealth Advisors LLC raised its stake in shares of Citigroup Inc (NYSE:C) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,455 shares of the financial services provider’s stock after purchasing an additional 1,188 shares during the period. Bell & Brown Wealth Advisors LLC’s holdings in Citigroup were worth $805,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of C. Bank of New York Mellon Corp lifted its stake 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 buying an additional 41,535,375 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in 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 acquiring an additional 39,262,981 shares during the period. ValueAct Holdings L.P. lifted its position in shares of Citigroup by 20.2% in 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 acquiring an additional 5,300,000 shares in the last quarter. Lakewood Capital Management LP lifted its position in shares of Citigroup by 75.1% in 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 acquiring an additional 2,605,000 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Citigroup in the third quarter worth about $134,512,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

NYSE:C opened at $65.55 on Friday. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $75.24. The stock has a market capitalization of $169.16 billion, a P/E ratio of 9.86, a PEG ratio of 0.83 and a beta of 1.67. 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 (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, beating the consensus estimate 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 last year, the business posted $1.28 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc will post 7.43 EPS for the current year.

In other news, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Whitaker sold 7,000 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Several research firms recently issued reports on C. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, December 10th. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, December 11th. Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target for the company in a research note on Wednesday, December 26th. Barclays dropped their price target on Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Finally, Wells Fargo & Co lowered shares of Citigroup to a “buy” rating in a report on Friday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.84.

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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).

Read More: Fundamental Analysis and Individual Investors

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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