Millennium Management LLC boosted its position in shares of Citigroup Inc (NYSE:C) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,972,816 shares of the financial services provider’s stock after buying an additional 893,364 shares during the quarter. Citigroup makes up approximately 0.5% of Millennium Management LLC’s holdings, making the stock its 11th largest holding. Millennium Management LLC owned about 0.23% of Citigroup worth $310,945,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of C. Bank of New York Mellon Corp raised 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 last quarter. Oregon Public Employees Retirement Fund raised 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 last quarter. Northern Trust Corp raised its position in shares of Citigroup by 1.9% during the 4th quarter. Northern Trust Corp now owns 32,154,657 shares of the financial services provider’s stock valued at $1,673,972,000 after acquiring an additional 604,791 shares during the last quarter. ValueAct Holdings L.P. raised its position in shares of Citigroup by 20.2% during the 4th 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 during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Citigroup by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 30,039,886 shares of the financial services provider’s stock valued at $1,561,201,000 after acquiring an additional 1,187,619 shares during the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on C. HSBC reiterated a “buy” rating and set a $76.00 target price on shares of Citigroup in a research report on Thursday. Zacks Investment Research cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday. Odeon Capital Group began coverage on shares of Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating for the company. Oppenheimer upped their target price on shares of Citigroup from $94.00 to $99.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Jefferies Financial Group upgraded shares of Citigroup from a “hold” rating to a “buy” rating and upped their target price for the company from $64.00 to $73.00 in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $77.74.
Shares of C stock opened at $65.82 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 company has a market cap of $167.21 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.82 and a beta of 1.67. Citigroup Inc has a 12-month low of $48.42 and a 12-month 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 Thomson Reuters’ 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 company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $17.57 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc will post 7.43 EPS for the current fiscal year.
In related news, insider W. Bradford Hu sold 5,420 shares of Citigroup 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Whitaker sold 7,000 shares of Citigroup stock in a transaction that occurred on 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 currently owned by company insiders.
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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).
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