SevenBridge Financial Group LLC Buys 1,663 Shares of Citigroup Inc (C)

SevenBridge Financial Group LLC increased its stake in shares of Citigroup Inc (NYSE:C) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,144 shares of the financial services provider’s stock after purchasing an additional 1,663 shares during the quarter. Citigroup accounts for approximately 1.1% of SevenBridge Financial Group LLC’s holdings, making the stock its 24th biggest position. SevenBridge Financial Group LLC’s holdings in Citigroup were worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of C. FMR LLC lifted its holdings in Citigroup by 3.8% in the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Bank of New York Mellon Corp lifted its holdings in Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after acquiring an additional 2,943,282 shares during the period. Harris Associates L P lifted its holdings in Citigroup by 0.5% in the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the period. Northern Trust Corp lifted its holdings in Citigroup by 3.1% in the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares during the period. Finally, Boston Partners lifted its holdings in Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley raised their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Jefferies Group set a $81.00 price target on Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. Nomura raised their price target on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets raised their price target on Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.30.

Shares of Citigroup Inc (C) opened at $78.30 on Friday. The company has a market capitalization of $201,231.02, a PE ratio of 14.69, a P/E/G ratio of 1.49 and a beta of 1.56. Citigroup Inc has a 52-week low of $55.23 and a 52-week high of $78.44. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. analysts expect that Citigroup Inc will post 6.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio is presently -41.29%.

ILLEGAL ACTIVITY WARNING: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2018/01/21/sevenbridge-financial-group-llc-buys-1663-shares-of-citigroup-inc-c.html.

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc (NYSE:C).

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.

Latest News

Leave a Reply