Oldfield Partners LLP Increases Stock Holdings in Citigroup Inc (NYSE:C)

Oldfield Partners LLP boosted its position in Citigroup Inc (NYSE:C) by 15.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,253,503 shares of the financial services provider’s stock after acquiring an additional 169,100 shares during the period. Citigroup accounts for approximately 8.3% of Oldfield Partners LLP’s portfolio, making the stock its 4th largest holding. Oldfield Partners LLP owned approximately 0.06% of Citigroup worth $88,987,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Personal Wealth Partners purchased a new position in shares of Citigroup during the second quarter worth about $27,000. Centaurus Financial Inc. grew its holdings in shares of Citigroup by 95.1% during the first quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares in the last quarter. Mcmillion Capital Management Inc. purchased a new position in shares of Citigroup during the second quarter worth about $31,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Citigroup during the third quarter worth about $33,000. Finally, Bray Capital Advisors grew its holdings in shares of Citigroup by 257.4% during the second quarter. Bray Capital Advisors now owns 486 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 76.69% of the company’s stock.

C has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised Citigroup from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $74.00 to $86.00 in a report on Friday, July 26th. Bank of America lowered Citigroup to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Co set a $85.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays boosted their price objective on Citigroup from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets lowered Citigroup to a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $79.75.

In other news, insider Michael Whitaker sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $62.03, for a total transaction of $465,225.00. Following the completion of the sale, the insider now owns 93,848 shares of the company’s stock, valued at $5,821,391.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

C traded up $0.39 during midday trading on Tuesday, hitting $72.20. The stock had a trading volume of 193,952 shares, compared to its average volume of 12,305,071. The company has a market cap of $157.55 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The business has a fifty day moving average of $68.59 and a 200 day moving average of $67.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.00. Citigroup Inc has a 1 year low of $48.42 and a 1 year high of $73.08.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.12. The business had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. Citigroup’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. On average, equities research analysts anticipate that Citigroup Inc will post 7.55 earnings per share for the current year.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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