Private Capital Group LLC Grows Holdings in Citigroup Inc (C)

Private Capital Group LLC boosted its holdings in shares of Citigroup Inc (NYSE:C) by 27,686.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,058 shares of the financial services provider’s stock after buying an additional 8,029 shares during the quarter. Private Capital Group LLC’s holdings in Citigroup were worth $544,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Citigroup by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 33,678,989 shares of the financial services provider’s stock valued at $2,273,331,000 after purchasing an additional 287,814 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Citigroup by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after purchasing an additional 256,760 shares in the last quarter. ValueAct Holdings L.P. raised its holdings in shares of Citigroup by 1,372.7% in the 1st quarter. ValueAct Holdings L.P. now owns 16,200,000 shares of the financial services provider’s stock valued at $1,093,500,000 after purchasing an additional 15,100,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Citigroup by 0.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock valued at $1,109,194,000 after purchasing an additional 91,093 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Citigroup by 2.5% in the 1st quarter. LSV Asset Management now owns 13,282,054 shares of the financial services provider’s stock valued at $896,538,000 after purchasing an additional 320,050 shares in the last quarter. Institutional investors own 76.54% of the company’s stock.

C has been the topic of a number of analyst reports. UBS Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $80.00 in a report on Thursday, April 5th. Vining Sparks restated a “buy” rating and issued a $82.00 price objective on shares of Citigroup in a report on Monday, April 16th. Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 target price on shares of Citigroup in a research report on Friday, April 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.78.

Shares of Citigroup stock opened at $66.78 on Wednesday. Citigroup Inc has a 1 year low of $63.16 and a 1 year high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The firm has a market cap of $171.55 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the firm posted $1.35 EPS. Citigroup’s revenue for the quarter was up 2.8% on a year-over-year basis. research analysts forecast that Citigroup Inc will post 6.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Monday, May 7th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, May 4th. Citigroup’s payout ratio is currently 24.02%.

In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

About Citigroup

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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