Ferguson Wellman Capital Management Inc. Has $20.97 Million Position in Citigroup Inc (C)

Ferguson Wellman Capital Management Inc. increased its position in shares of Citigroup Inc (NYSE:C) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 337,034 shares of the financial services provider’s stock after purchasing an additional 13,183 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Citigroup were worth $20,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HighPoint Advisor Group LLC increased its stake in shares of Citigroup by 24.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,878 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,552 shares in the last quarter. RWC Asset Management LLP increased its stake in shares of Citigroup by 13.4% during the 4th quarter. RWC Asset Management LLP now owns 420,019 shares of the financial services provider’s stock worth $21,866,000 after purchasing an additional 49,563 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Citigroup during the 4th quarter worth approximately $2,515,000. Trinity Street Asset Management LLP increased its stake in shares of Citigroup by 0.7% during the 4th quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock worth $21,856,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Personal Capital Advisors Corp increased its stake in shares of Citigroup by 21.2% during the 4th quarter. Personal Capital Advisors Corp now owns 4,477 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 784 shares in the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

In related news, insider W. Bradford Hu sold 5,420 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

C opened at $69.31 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $173.17 billion, a PE ratio of 10.42, a P/E/G ratio of 0.80 and a beta of 1.67. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. The company had revenue of $18.58 billion during the quarter, compared to analyst estimates of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. On average, equities analysts expect that Citigroup Inc will post 7.45 EPS for the current year.

A number of analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Citigroup from $94.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Standpoint Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price on the stock in a research report on Wednesday, December 26th. BMO Capital Markets upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 target price on the stock in a research report on Tuesday, January 15th. They noted that the move was a valuation call. Morgan Stanley decreased their target price on shares of Citigroup from $81.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Finally, Macquarie upgraded shares of Citigroup from a “neutral” rating to an “outperform” rating in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Citigroup has an average rating of “Buy” and an average target price of $80.61.

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Citigroup Company 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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