O Shaughnessy Asset Management LLC Grows Holdings in Citigroup (C)

O Shaughnessy Asset Management LLC grew its position in shares of Citigroup (NYSE:C) by 77.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,679,154 shares of the financial services provider’s stock after purchasing an additional 734,003 shares during the period. Citigroup makes up about 2.5% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 5th largest holding. O Shaughnessy Asset Management LLC owned about 0.07% of Citigroup worth $113,345,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in C. Sawyer & Company Inc acquired a new stake in shares of Citigroup in the fourth quarter valued at $117,000. Baldwin Brothers Inc. MA raised its stake in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares in the last quarter. Bedel Financial Consulting Inc. acquired a new stake in shares of Citigroup in the first quarter valued at $133,000. Risk Paradigm Group LLC raised its stake in shares of Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Lee Financial Co raised its stake in shares of Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Several analysts have recently issued reports on the company. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th. Morgan Stanley increased their price objective on Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Friday, February 2nd. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Macquarie increased their price objective on Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company. Citigroup has a consensus rating of “Hold” and an average target price of $80.92.



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

Shares of Citigroup opened at $69.96 on Friday, MarketBeat.com reports. The stock has a market cap of $179.80 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.01 and a beta of 1.55. Citigroup has a 1 year low of $59.87 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01.

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 consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. analysts predict that Citigroup will post 6.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, May 4th. Citigroup’s payout ratio is 24.02%.

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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