Bridge Creek Capital Management LLC grew its position in Citigroup Inc (NYSE:C) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,686 shares of the financial services provider’s stock after purchasing an additional 2,291 shares during the period. Bridge Creek Capital Management LLC’s holdings in Citigroup were worth $3,134,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BLB&B Advisors LLC boosted its holdings in shares of Citigroup by 78.8% in the third quarter. BLB&B Advisors LLC now owns 5,581 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 2,460 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Citigroup by 18.4% in the third quarter. MAI Capital Management now owns 168,128 shares of the financial services provider’s stock valued at $12,061,000 after acquiring an additional 26,117 shares in the last quarter. KAMES CAPITAL plc bought a new position in shares of Citigroup in the third quarter valued at approximately $370,000. Gradient Investments LLC boosted its holdings in shares of Citigroup by 4.8% in the third quarter. Gradient Investments LLC now owns 137,902 shares of the financial services provider’s stock valued at $9,893,000 after acquiring an additional 6,314 shares in the last quarter. Finally, Gofen & Glossberg LLC IL boosted its holdings in shares of Citigroup by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 277,089 shares of the financial services provider’s stock valued at $19,878,000 after acquiring an additional 2,891 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
Shares of NYSE:C opened at $69.84 on Friday. The company has a market cap of $184.38 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. Citigroup Inc has a 1-year low of $64.38 and a 1-year high of $80.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.08. The firm had revenue of $18.47 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%. As a group, sell-side analysts anticipate that Citigroup Inc will post 6.59 EPS for the current year.
C has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 price objective on shares of Citigroup in a report on Monday, July 16th. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Monday, August 27th. ValuEngine cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Deutsche Bank increased their price objective on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Morgan Stanley decreased their price objective on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.25.
In related news, insider Raja Akram sold 500 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francisco Aristeguieta sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total transaction of $1,085,400.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
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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