Mount Yale Investment Advisors LLC Takes Position in Citigroup Inc (C)

Mount Yale Investment Advisors LLC acquired a new stake in Citigroup Inc (NYSE:C) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,565 shares of the financial services provider’s stock, valued at approximately $781,000.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Citigroup by 0.9% during 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 buying an additional 287,814 shares in the last quarter. Geode Capital Management LLC grew its holdings in Citigroup by 0.9% during 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 buying an additional 256,760 shares in the last quarter. ValueAct Holdings L.P. grew its holdings in Citigroup by 1,372.7% during 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 buying an additional 15,100,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Citigroup by 0.6% during 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 buying an additional 91,093 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Citigroup by 2.5% during 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 buying an additional 320,050 shares in the last quarter. Institutional investors and hedge funds own 76.54% of the company’s stock.

Shares of C stock opened at $66.31 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup Inc has a fifty-two week low of $64.01 and a fifty-two week high of $80.70. The company has a market capitalization of $168.98 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.95 and a beta of 1.51.

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

In other Citigroup news, CFO John C. Gerspach sold 12,966 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total value of $937,571.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

C has been the subject of several recent analyst reports. ValuEngine lowered Citigroup from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BMO Capital Markets reissued a “hold” rating and set a $76.00 price objective on shares of Citigroup in a report on Friday, April 13th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $74.00 price objective on shares of Citigroup in a report on Thursday, April 5th. Morgan Stanley cut their price objective on Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, April 30th. Finally, Daiwa Capital Markets lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 price objective for the company. in a report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.78.

Citigroup Company 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.

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.

Leave a Reply