Ontario Teachers Pension Plan Board Increases Stake in Citigroup (C)

Ontario Teachers Pension Plan Board boosted its stake in Citigroup (NYSE:C) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,375 shares of the financial services provider’s stock after purchasing an additional 30,518 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Citigroup were worth $21,384,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Carnegie Capital Asset Management LLC increased its holdings in shares of Citigroup by 0.5% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock worth $1,404,000 after buying an additional 101 shares during the last quarter. Frontier Wealth Management LLC increased its holdings in shares of Citigroup by 1.3% in the 2nd quarter. Frontier Wealth Management LLC now owns 10,901 shares of the financial services provider’s stock worth $729,000 after buying an additional 140 shares during the last quarter. Keel Point LLC increased its holdings in shares of Citigroup by 1.0% in the 2nd quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock worth $983,000 after buying an additional 143 shares during the last quarter. Evercore Wealth Management LLC increased its holdings in shares of Citigroup by 2.5% in the 2nd quarter. Evercore Wealth Management LLC now owns 7,977 shares of the financial services provider’s stock worth $533,000 after buying an additional 197 shares during the last quarter. Finally, Landmark Financial Advisors LLC increased its holdings in shares of Citigroup by 5.9% in the 2nd quarter. Landmark Financial Advisors LLC now owns 4,463 shares of the financial services provider’s stock worth $298,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of research firms have recently weighed in on C. Credit Suisse Group reiterated a “buy” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday, December 12th. Nomura upped their price target on shares of Citigroup to $84.00 and gave the company a “buy” rating in a report on Monday, December 11th. Wells Fargo set a $95.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, December 20th. JPMorgan Chase set a $80.00 price target on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $80.69.

Shares of C stock opened at $68.60 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $178,131.27, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.01 and a beta of 1.56. Citigroup has a one year low of $57.55 and a one year high of $80.70.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Citigroup will post 6.4 EPS for the current fiscal year.

WARNING: This article was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/ontario-teachers-pension-plan-board-grows-holdings-in-citigroup-inc-c.html.

Citigroup Profile

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.

Institutional Ownership by Quarter for Citigroup (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.

Leave a Reply