Citigroup (C) Shares Bought by Kemnay Advisory Services Inc.

Kemnay Advisory Services Inc. raised its position in shares of Citigroup (NYSE:C) by 52.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,170 shares of the financial services provider’s stock after acquiring an additional 5,911 shares during the quarter. Kemnay Advisory Services Inc.’s holdings in Citigroup were worth $1,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of C. National Asset Management Inc. boosted its position in Citigroup by 11.2% during the second quarter. National Asset Management Inc. now owns 33,207 shares of the financial services provider’s stock valued at $2,223,000 after acquiring an additional 3,346 shares during the last quarter. Keel Point LLC boosted its position in Citigroup by 1.0% during the second quarter. Keel Point LLC now owns 14,694 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 143 shares during the last quarter. Colony Group LLC bought a new stake in Citigroup during the second quarter valued at $12,014,000. Covington Capital Management boosted its position in Citigroup by 5.6% during the second quarter. Covington Capital Management now owns 164,976 shares of the financial services provider’s stock valued at $11,034,000 after acquiring an additional 8,712 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Citigroup by 13.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,165,339 shares of the financial services provider’s stock valued at $144,818,000 after acquiring an additional 265,056 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

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NYSE:C opened at $67.50 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70. The stock has a market capitalization of $173,479.45, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Citigroup will post 6.39 EPS for the current fiscal year.

Several equities analysts have recently weighed in on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Nomura set a $87.00 price objective on shares of Citigroup and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen 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 $79.69.

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Citigroup 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.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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