Bessemer Group Inc. Boosts Position in Citigroup Inc (C)

Bessemer Group Inc. boosted its stake in shares of Citigroup Inc (NYSE:C) by 40.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,614,446 shares of the financial services provider’s stock after purchasing an additional 1,046,229 shares during the period. Citigroup comprises approximately 1.0% of Bessemer Group Inc.’s investment portfolio, making the stock its 19th biggest holding. Bessemer Group Inc.’s holdings in Citigroup were worth $268,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of C. Schmidt P J Investment Management Inc. boosted its position in Citigroup by 5.6% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 40,812 shares of the financial services provider’s stock worth $3,037,000 after purchasing an additional 2,165 shares during the period. Northern Capital Management LLC boosted its position in Citigroup by 4.4% during the fourth quarter. Northern Capital Management LLC now owns 71,790 shares of the financial services provider’s stock worth $5,342,000 after purchasing an additional 3,035 shares during the period. LMR Partners LLP boosted its position in Citigroup by 136.0% during the fourth quarter. LMR Partners LLP now owns 12,980 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 7,480 shares during the period. MAI Capital Management boosted its position in Citigroup by 27.5% during the fourth quarter. MAI Capital Management now owns 131,517 shares of the financial services provider’s stock worth $9,786,000 after purchasing an additional 28,352 shares during the period. Finally, IFG Advisory LLC bought a new position in Citigroup during the fourth quarter worth about $464,000. Institutional investors own 80.71% of the company’s stock.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Raymond James Financial assumed coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Wells Fargo & Co set a $100.00 price target on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $86.00 price target on shares of Citigroup in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.65.

Shares of Citigroup Inc (C) opened at $76.82 on Monday. The firm has a market cap of $203,110.00, a P/E ratio of 13.84, a P/E/G ratio of 1.12 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. equities analysts anticipate that Citigroup Inc will post 6.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is currently 23.06%.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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