Citigroup Inc (C) Stake Lowered by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its stake in shares of Citigroup Inc (NYSE:C) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,166 shares of the financial services provider’s stock after selling 2,763 shares during the quarter. IHT Wealth Management LLC’s holdings in Citigroup were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in C. Bank of New York Mellon Corp increased its position in Citigroup by 96,369.8% during the third quarter. Bank of New York Mellon Corp now owns 41,578,475 shares of the financial services provider’s stock worth $2,982,839,000 after acquiring an additional 41,535,375 shares during the period. Oregon Public Employees Retirement Fund increased its position in Citigroup by 5,064.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,038,201 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 39,262,981 shares during the period. ValueAct Holdings L.P. increased its position in Citigroup by 20.2% during the fourth quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock worth $1,641,218,000 after acquiring an additional 5,300,000 shares during the period. Lakewood Capital Management LP increased its holdings in Citigroup by 75.1% in the 4th quarter. Lakewood Capital Management LP now owns 6,071,500 shares of the financial services provider’s stock valued at $316,082,000 after buying an additional 2,605,000 shares during the period. Finally, Senator Investment Group LP bought a new stake in Citigroup in the 3rd quarter valued at $134,512,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NYSE:C opened at $64.36 on Tuesday. The stock has a market cap of $159.91 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.78 and a beta of 1.68. Citigroup Inc has a 1-year low of $48.42 and a 1-year high of $75.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, January 14th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $17.57 billion. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. As a group, sell-side analysts expect that Citigroup Inc will post 7.43 EPS for the current year.

Several equities research analysts have issued reports on C shares. Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Credit Suisse Group lowered their price target on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. TheStreet lowered shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, December 11th. Standpoint Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target on the stock in a report on Wednesday, December 26th. Finally, Barclays lowered their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.27.

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About Citigroup

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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